ON AMENDMENT OF THE PROCEDURE FOR DECLARING RESERVES IN THE ELECTRONIC TRADING SYSTEM

2016 11 22

We would like to inform you that, pursuant to clauses 7.1 and 7.5 of the Conditions of Trade in Biomass Products, participants of categories B, C and D that buy biomass during the heating season under half-year and one-quarter contracts must accumulate a reserve amount of biomass of 5% of the undelivered quantity under the said contracts. BALTPOOL, the operator of the exchange, has created, in the ETS, functionality for declaring the reserve amounts. Further information is provided in the procedure for declaring reserve locations memo.

Procedure for declaring reserves in the ETS