Submission for Clearing (OTC) - Slovenia
Submission For Clearing is defined as the bilateral exchange of trades concluded outside the exchange and the registration of these trades as OTC trades into the BSP SouthPool trading system by mutual consent of both parties involved. An OTC trade is considered to exist if the participants and/ or their customers have agreed on the purchase and/ or sale of one of the products approved for the OTC clearing facility of the exchange.
BSP Southpool has approved the following standardised products for the OTC clearing facility:
- Base (00:00 – 24:00),
- Peak (06:00 – 22:00),
- Off-peak1 (00:00 – 06:00),
- Off-peak2 (22:00 – 24:00),
- Euro-peak (08:00 – 20:00),
- Euro-off-peak1 (00:00 – 08:00) and
- Euro-off-peak2 (20:00 – 24:00).
BSP Southpool has approved the following trading hours for the OTC clearing facility:
In the Submission For Clearing, the schedule on the Trading Day is conducted in the following phases:
- Trading Phase shall take place from 9:00 to 12:00
During Trading Phase, the entering, withdrawing and modifying of Orders in the Trading System is enabled for the Originating Market Participant while the Receiving Market Participant can either accept or reject the Order entered by the Originating Market Participant. Orders that have been accepted lead to the submission of Transactions for Clearing by BSP. - Inactive Phase shall take place from 12:00 to 24:00
At the beginning of this Phase all Orders entered in Trading Phase become inactive. Market Participants are not allowed to enter Orders, they can only check and download their Transactions submitted for Clearing by BSP.
More information is availabe in the document Clearing Rules.