Guarantee system 1
Commodity Exchange Bratislavava provides guarantee systems for traders, so that they can be sure that other party will fullfill the contract.
With guarantee system 1, you must have on your CEB account, while your order is active, 2% of the contract value - price multiplied by volume and VAT if applicable. After contract has been created, you must pay or deliver credits within next 2 business days.
- Insert order - You can insert order only if you have 2% of money or credits available at your account. This collateral will be blocked by the exchange.
- Contract - After contract has been created, you have next 2 business days to credit your account for residual 98% of money or carbon credits.
- Contract end - After you will have on your account enough money or credits, contract will be ended and your CEB account will be credited by funds/credits.
If your contract party will fail to credit his account within 2 days, he will be loose collateral and he will be obliged to pay additional fee 5% from the contract value. 50% of his collateral will be credited to your account. If you will fail to fullfill the contract, the same procedure applies to you.