Financial Security
1. Parametric price
Based on the dynamics of the price for the negative balancing amount, OTE, a.s. is going to adjust the parametric price for the month of October according to paragraph 7.2.2. of Business Terms of OTE, a.s. for the Gas Sector.
The new parametric price in amount of 1.294 CZK/MWh will be valid for the delivery days of Oct 11th 2024 – Oct 31st 2024 (original Parametric price for the month of October was set to 1.115 CZK/MWh).
Parametric price according to par. 7.2.2 of OTE Business terms for the gas market is set to 1.250 CZK/MWh for the month of November 2024.
The way of this price calculation is in the attached file
2. Bank account details for increasing financial security related to gas trading
Bank account nr.: 43-1680730297/0100
IBAN: CZ03 0100 0000 4316 8073 0297
SWIFT (BIC): KOMBCZPPXXX
Bank: Komerční banka, a.s.
Address: VÁCLAVSKÉ NÁM. 42
114 07 PRAHA 1
3. Documents to download
- The form for determination of the initial amount of financial security (XLS 76KB) Czech version - for purpose of agreement terms
- The form for determination of change of the amount of financial security (XLS 64KB) Czech version - for purpose of agreement terms
- The form for determination of the amount of financial security (XLS 68KB) English translation provided for information purposes only
- Sample wording of the guarantee sheet - English translation provided for information purposes only
4. Market operator's rate
In accordance with provision 7.5 of OTE’s business terms for the gas sector, OTE’s interest rate for accruals related to the funds of the financial security (deposited) in OTE’s account is for relevant day and PRIBOR O/N rate until 31st January 2024, included, set as:
PRIBOR O/N |
Market operator's bank rate |
Market operator's rate |
≤ 0,8 % p.a. |
< 0,0 % p.a. |
Market operator’s bank rate for legal entities’ current accounts |
≥ 0,0 % p.a. |
0,0 % p.a. |
|
> 0,8 % p.a. |
|
PRIBOR O/N – 0,800 p.b. |
In accordance with provision 7.5 of OTE’s business terms for the gas sector, OTE’s interest rate for accruals related to the funds of the financial security (deposited) in OTE’s account is for relevant day and PRIBOR O/N rate from 1st February 2024 set as:
PRIBOR O/N |
Market operator's bank rate |
Market operator's rate |
≤ 0,94 % p.a. |
< 0,0 % p.a. |
Market operator’s bank rate for legal entities’ current accounts |
≥ 0,0 % p.a. |
0,0 % p.a. |
|
> 0,94 % p.a. |
|
PRIBOR O/N – 0,940 p.b. |
5. OTE risk management contacts
If you have any questions, please contact the risk management department:
Ing. Ondřej Záviský | +420 234 686 400 | OZavisky@ote-cr.cz |
---|---|---|
Ing. Ondřej Houdek | +420 234 686 403 | OHoudek@ote-cr.cz |