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Natural Gas Derivatives

In November 24th, 2017 OMIClear has launched the clearing and settlement service for Natural Gas Derivatives Contracts. This activity intends to serve the existing demand for central clearing of natural gas future contracts with physical settlement at the Spanish virtual balancing point (PVB-ES).

Currently the registration of trades on the so called ‘PVB-ES NG Physical Futures’ in OMIClear is concluded by registering Bilateral Transactions (OTC trades) through OMIP Derivatives Market.

The type of cash settlements and margins applicable to these derivatives contracts across their lifecycle (during Trading Period and Delivery Period) are summarized in the following table:

For further details on the margin model, please see Risk Management > Margining.