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Timetable of the clearing day

Clearing day timetable and scope of information provided to participants - OTC
Clearing session timetable and clearing of transactions registered in the OTC clearing system (Day R)
No Functions Activities
1. Monitoring the effect of transactions accepted for clearing in the OTC clearing system on the degree of utilisation of the collateral limit or the credit limit. Accepting transactions: 1/ derivatives, 2/ repos, other than opening transactions to be settled on the day of acceptance for clearing in the OTC clearing system, 3/ sell transactions.
accepting transactions to the OTC clearing systemfrom 09:00 to 17:30
according to § 64 of the Rules of Transaction Clearing (Non-Organised Trading), § 25, § 57 of the Detailed Rules of the OTC Clearing System and Appendix 5 to the Detailed Rules of the OTC Clearing System
2. Monitoring the effect of transactions accepted for clearing in the OTC clearing system on the degree of utilisation of the collateral limit or the credit limit. Accepting repos to be settled on the day of acceptance for clearing in the OTC clearing system (R+0).
accepting transactions to the OTC clearing system from 09:00 to 15:30
according to § 25, § 57 of the Detailed Rules of the OTC Clearing System and Appendix 5 to the Detailed Rules of the OTC Clearing System
3. 1/ Derivatives, 2/ Repos, other than opening transactions settled on the day of acceptance for clearing in the OTC clearing system (R+0). Sending instructions for execution of cash payments arising from clearing of derivative transactions to the Payment Agent to be executed on day R+1, 3/ sell transactions. netting session - processing starts at 17.30
according to § 25 and § 27 of the Detailed Rules of the OTC Clearing System and Appendix 5 to the Detailed Rules of the OTC Clearing System
4. Distributing post-clearing reports. sending transaction reports to a trade repository
according to § 24 and § 70 of the Rules of Transaction Clearing (Non-Organised Trading ) and § 43 and § 44 of the Detailed Rules of the OTC Clearing System
Clearing members receive by 23:00 CET messages which notify them of:
  • • updated contributions to the basic resources of the OTC guarantee fund;

  • present market value of Treasury securities credited to contributions;

  • cash credits or debits to be paid in the next adjustment of contributions;

  • interest rates used in the marking to the market (MtM).

according to Appendix 2 to the Rules of Transaction Clearing (Non-Organised Trading), § 10 of the OTC Guarantee Fund Rules and § 33 of the Detailed Rules of the OTC Clearing System
Clearing session timetable and clearing of transactions registered in the OTC clearing system after Day R (Day R+1)
1. Payment of credits and debits of a clearing member in respect of contributions to the OTC Guarantee Fund and the member’s net credits and debits in respect of margins and marking to the market. debit transfers 15 minutes before the session opens
according to § 59 of the Rules of Transaction Clearing (Non-Organised Trading), Appendix 2 to the Rules of Transaction Clearing (Non-Organised Trading), § 9 and § 10 of the OTC Guarantee Fund Rules and § 27, § 56 of the Detailed Rules of the OTC Clearing System

credit transfers