How To Trade And Settle For The Exchange

Transcription

1 Circular No.: IEX/MO/192/20 Date: 30 June, 20 Dear Members, In pursuance of Rules, Bye-Laws and Business Rules of the Exchange, the Members of the Exchange are notified that the Exchange will have the following Trading and Settlement Calendar for Region-wise Weekly contracts and Region-wise Daily, Day Ahead Contingency (DAC) and Intra Day contracts in Term Ahead Market (TAM), along with Renewable Energy Contracts (REC). The Calendar is for the period starting July 20 till September 20. In case of any clarification needed, kindly contact the customer support number at Enclosure Attached: Annexure-1 Annexure-2 Annexure-3 Trading and Settlement for Weekly Contracts Trading and Settlement for Daily, DAC & Intra Contracts (sample). Trading and Settlement for REC For and on behalf of Indian Energy Exchange Limited Akhilesh Awasthy Director (Market Operations)

2 Annexure-1

3 Trading Deliv ery Week No. Start of End of Weekly Contracts Trading & Settlement Calendar July 20 Sched uling 1-Jul Jul- 12-Jul- (IEX to Member) Form T- 2 & T-4, Format - I and II Form T-7 Form T- 4 (Member to IEX) Format-II (SLDC upto 5 pm 4-Jul- 7-Jul- 11-Jul- 13-Jul- 1-Jul- 5-Jul- 2-Jul- 2-Jul- 2-Jul Jul- 12-Jul- 8-Jul Jul- 19-Jul- 9-Jul Jul- 19-Jul- -Jul Jul- 26-Jul- 16-Jul Jul- 26-Jul- 22-Jul Jul Jul Jul Jul Jul # FCFS- Come Serve; - Day Ahead Bilateral 4-Jul- 7-Jul- 11-Jul- 13-Jul- 2-Jul- 5-Jul- 2-Jul- 2-Jul- 11-Jul- 14-Jul- 17-Jul- 20-Jul- 8-Jul- 12-Jul- 9-Jul- 9-Jul- 11-Jul- 14-Jul- 17-Jul- 20-Jul- 9-Jul- 12-Jul- 9-Jul- 9-Jul- 17-Jul- 21-Jul- 25-Jul- 27-Jul- -Jul- 19-Jul- 16-Jul- 16-Jul- 17-Jul- 21-Jul- 25-Jul- 27-Jul- 16-Jul- 19-Jul- 16-Jul- 16-Jul- 25-Jul- 28-Jul Jul- 26-Jul- 23-Jul- 23-Jul- 25-Jul- 28-Jul Jul- 26-Jul- 23-Jul- 23-Jul Jul Jul- 30-Jul Jul Jul- 30-Jul-

4 Trading & Settlement Calendar - August 20 Trading Deliv ery Week No. Start of End of Sched uling (IEX to Member) Form T-2 & T-4, Format I and II (Member to IEX) Form T-7 Form T-4 Format-II (SLDC upto 5 pm Sep Sep- 5-Sep- 7-Sep Sep Sep- 5-Sep- 7-Sep

5 Trading & Settlement Calendar September 20 Trading Deliv ery Week No. Start of End of Sched uling 2-Sep Sep- 13-Sep- 5-Sep- 8-Sep- 12-Sep- 14-Sep- (IEX to Member) Form T-2 & T-4, Format -I and II Form T-7 Form T- 4 (Member to IEX) Format-II (SLDC upto 5 pm 2-Sep- 6-Sep- 3-Sep- 3-Sep- 3-Sep Sep- 13-Sep- 5-Sep- 8-Sep- 12-Sep- 14-Sep- 3-Sep- 6-Sep- 3-Sep- 3-Sep- 9-Sep Sep- 20-Sep- 12- Sep- -Sep- 19-Sep- 21-Sep- 9-Sep- 13-Sep- 10-Sep- 10-Sep- 10-Sep Sep- 20-Sep- 12- Sep- -Sep- 19-Sep- 21-Sep- 10-Sep- 13-Sep- 10-Sep- 10-Sep- 16-Sep Sep- 27-Sep- 19- Sep- 22-Sep- 26-Sep- 28-Sep- 16-Sep- 20-Sep- 17-Sep- 17-Sep- 17-Sep Sep- 27-Sep- 19- Sep- 22-Sep- 26-Sep- 28-Sep- 17-Sep- 20-Sep- 17-Sep- 17-Sep- 23-Sep Sep- 4-Oct- 26- Sep- 29-Sep- 3-Oct- 5-Oct- 23-Sep- 27-Sep- 24-Sep- 24-Sep- 24-Sep Sep- 4-Oct- 26- Sep- 29-Sep- 3-Oct- 5-Oct- 24-Sep- 27-Sep- 24-Sep- 24-Sep- 30-Sep Oct- 11-Oct- 3-Oct- 6-Oct- 10-Oct- 12-Oct- 30-Sep- 4-Oct- 1-Oct- 1-Oct-

6 Annexure-2 Daily Contracts Trading & Settlement Calendar Exchange Reports to its Member Members Communication to Exchange Trading Date Scheduling Basis Margin (BM)* Form T-2,T- 4#, T-5**, Format I & II Form T-7 Form T-4# Format-II (SLDC T T+5 upto T+11 T D-1 D+1 T D-1 T D Jul Jul - 05-Jul- 08-Jul- 01-Jul- 05-Jul- 01-Jul- 02-Jul- 01- Jul Jul- 06-Jul- 08-Jul- 01-Jul- 06-Jul- 01-Jul- 03-Jul- 01- Jul - 08-Jul- 06-Jul- 09-Jul- 01-Jul- 07-Jul- 01-Jul- 04-Jul- 01- Jul - 09-Jul- 01-Ap - (55%) 08-Jul- 10-Jul- 01-Jul- 08-Jul- 01-Jul- 05-Jul- 01- Jul - 10-Jul- 09-Jul- 11-Jul- 01-Jul- 09-Jul- 01-Jul- 06-Jul- 01- Jul - 11-Jul- 10-Jul- 12-Jul- 01-Jul- 10-Jul- 01-Jul- 07-Jul- 01- Jul - 12-Jul- 11-Jul- 13-Jul- 01-Jul- 11-Jul- 01-Jul- 08-Jul- T= Trading Day; D= Day *BM is 55% of Trade Value In case of bank holis payin will be collected on a prior bank working to the actual payin, irrespective of the contract type In case of bank holis payout will be made on the next bank working, irrespective of the contract type #Form T-4 if required # The above format is applicable to all region wise Daily Contracts, traded on daily basis.

7 DAC Contracts Trading & Settlement Calendar Contract (Symbol) time Trade Scheduling Initial Margin (IM) / refund Exchange Reports to its Member Form T-2, Format I & II Form T-7 Members Communication to Exchange Format-II (SLDC DAC-H01-NR till DAC-H24-NR 00:00 to 01:00 23:00 to 24:00 T T+1 T T+1 Contingency Contingency 105% in advance 105% in advance T+1 (adjusted with margins) T+1 (adjusted with margins) D+1 T Upto T+1 T D+1 T Upto T+1 T T = Trading Day, D = Day, Trading session will be open on all s. In case of bank holis the payout will be made on the next bank working.

8 Intra Contracts Trading & Settlement Calendar

9 Annexure-3 REC Contracts Trading & Settlement Calendar Trading Sell Order Confirmation from CA to IEX Funds Pay In Funds Pay Out Pre Trade Cash Margin (from buyers only) 29-Jul pm 29-Jul- 30-Jul- 100% Cash Margin 4.00 pm % Cash Margin 30-Sep pm 30-Sep- 01-Oct- 100% Cash Margin