Exceptions in invoicing and collaterals during Easter
Settlement invoicing
Because of the Easter public holidays there will be some exceptions in invoicing.
| • | Invoices for week 13 will be published on April 14th, debited on April 16th and paid on April 22nd. |
| • | Invoices for week 14 will be published on April 22nd, debited on April 24th and paid on April 25th. |
Collaterals
The second term of the collateral formula (m*(V1+V2)*P) is used as an estimate of the forward-looking component. The length of the forward exposure is approximately one day during the week but increases to three days on Friday. This is mainly due to limitations on necessary communication with relevant parties involved in a potential termination of a BRP agreement. The formula therefore counts with three days of exposure (m 3/7). Due to holidays, eSett will temporarily change the multiplier m to 4/7 between April 14th and April 22nd for Norway and Sweden. This change does not apply to the collateral calculation for Finland.