Announcements


BEC-53: Should we expect a single margin process for netting exposure across all supplier contracts for a Company if we have multiple agreements in place with the Company?

It is the Procurement Administrator’s understanding that each of the supplier contracts for a Company will be administered separately such that margining under each contract will be calculated separately. Should multiple supplier contracts be subject to a margin call, a Company may transmit each such margin call under a single aggregate margin call.  There will be, however, a single shared unsecured credit line across the contracts provided by the Company to the credit support provider.