FROM | TO | JOB | DESCRIPTION |
08:00 | 17:00 | Payments Settlement | Payments which reached their value date are settled. |
09:00 | 10:00 | Position Limits Computation | The position limits are automatically calculated in the 10 min. intervals for the 1st auction (EXAA). |
09:30 | Margin Call Check | Check on the collateral coverage of the margin call from the previous final margin computation run. | |
10:12 | Trade Closure | The 1st auction (EXAA) order book is closed for the trading participants. | |
10:12 | 10:15 | Position Limits Computation | The final position limits are calculated before the 1st auction (EXAA) is started. |
10:15 | 10:18 | 1st Auction (EXAA) | The EXAA auctioning is performed. |
10:21 | 10:24 | Post-trading | Unmatched trades can be closed for the final prices. |
10:35 | 10:45 | 1st Margin Computation Run | After the successful transmission of the payment data, the preliminary margin computation run is triggered. |
10:24 | 15:30 | Schedule Provision (1st Auction) | The trading and shipper schedules resulting from the 1st auction (EXAA) are generated and provided to the TSOs and trading participants. |
11:00 | 11:50 | Position Limits Computation | The position limits are automatically calculated in the 10 min. intervals for the 2nd auction (MC). |
12:00 | Trade Closure | The 2nd auction (MC) order book is closed for the trading participants. | |
12:00 | 13:00 | 2nd Auction (MC) | The MC auctioning is performed. |
12:00 | 12:10 | Orderbook Provision | The orderbook for the 2nd auction (MC) is provided to the PCR (Price Coupling of Regions). |
12:10 | 12:42 | Final Price Receipt | EXAA receives final prices from the PCR. |
12:42 | 13:00 | Trade Allocation and Fulfilment | Based on the received final prices the EXAA allocates and fulfils the trades from the orderbook and communicates these trade executions back to PCR. |
12:52 | 13:00 | Final Trade Confirmation | The final trade confirmations are received from the PCR. |
13:00 | 14:30 | Schedule Provision (2nd Auction) | The trading and shipper schedules resulting from the 2nd auction (MC) are generated and provided to the TSOs and trading participants. |
13:00 | 13:15 | Payment Data | After the successful auction 2nd closure (MC), the netted payment results are provided to the settlement bank. |
13:00 | 13:15 | Invoice Run | After the successful transmission of the payment data, the clearing clients' invoices and credit notes are issued. |
13:15 | 13:30 | 2nd Margin Computation Run | After the successful transmission of the payment data, the final margin computation run is triggered. |
