13.12.2018 10:52:40

Extention of payment cycle during Christmas Holiday

WARNING!!! Due to Christmas and New Year's holidays, the settlement cycle of short-term market and imbalances will be extended. It could negatively affect INSERTING of trades into the CS OTE system. The cycle will be extended by 3 days (for participants using account in Komercni Banka, Ceska sporitelna, CSOB and Fio Banka) and by 5 days (for participants with other bank accounts). The other factor that influences the amount of required financial security is inserting bids at OTE’s spot markets for the whole period of 22/12-27/12 in advance (i.e. on Friday 21/12). This applies to bids inserted by PXE too. In case you need further information, please contact us.