Energy swaps

UKPX has launched a range of futures contracts covering baseload and peak UKpower across weeks, months, quarters and seasons.

The contracts are cleared and notified physical contracts with standard over-the-counter(OTC) billing and settlement with contract delivery at original trade price,monthly invoicing and settlement, greater margining efficiency and the removalof cascading for billing and settlement purposes. These contracts are known as ‘GTMAstyle’.

According to Paul Danielsen, director

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