The official statement concerning establishing of additional Trading day for the non-cleared OTC deals on the Property Rights Market
The Polish Power Exchange Management Board has decided to establish the day of February the 25th 2011 as the additional Trading Day for the non-cleared OTC deals entered into on the Property Rights Market.
Orders concerning non-cleared OTC deals on the Property Rights Market may be placed on the day of February the 25th 2011 in accordance with the schedule for placing of the orders and execution of non-cleared OTC deals:
The schedule for placing of the orders and execution of the non-cleared OTC deals
| Time |
Quotation phase |
9:30 a.m. on the Trading Day |
Introducing of current number of the Property Rights and current amounts of collaterals |
| From 9:30 a.m. on the Trading Day till 11:30 a.m. on the Trading Day | I phase before acceptance of the orders Placing of the orders and confirming of the non-cleared OTC deals; the orders, which have not been confirmed may be cancelled and modified; the orders are not verified as regards the collateral status as well as they are verified as regards holding of the RES Property Rights in the Register. |
| Since 11:30 a.m. on the Trading Day | II phase: acceptance of the orders Verification of the placed and confirmed orders concerning the non-cleared OTC deals as regards the holding of the Property Rights in the Register. Acceptance of the orders. The orders are cancelled if the purchaser has not confirmed the order, or if the purchaser has not got sufficient collateral amount or if the seller has not got sufficient number of the Property Rights. The purchase orders concerning the OTC deals, which are not cleared by the Exchange, are not checked as regards the collateral status. Sequence of acceptance of the orders and the non-cleared OTC deals is determined by the time of confirming of the deal by the purchaser. In the first row the orders and the OTC deals, which have been confirmed at the earliest by another Party, shall be accepted. The acceptance sequence principle concerns all OTC deals entered into on the Property Rights Market on given Trading Day. |
| 12:00 a.m. - 1:00 p.m. on the Trading Day |
Publishing of the quotation results on the private web site. |
| Till
2:30 p.m. on the closest Trading Day for the session transactions |
Publishing of the quotation results on the public web site |
