Besides managing the market’s purchase and sales orders, MIBGAS, acting as counterparty, calculates the market’s economic results, oversees the invoicing and collection and payment processes, and also manages the guarantees required from Agents to provide sufficient hedging for their market operations.
This information is provided in detail in the corresponding:
MIBGAS Derivatives
The settlement of MIBGAS Derivatives spot products is carried out with MIBGAS Derivatives acting as counterparty, calculating the economic results, invoicing, and collection and payment processes, as well as managing the guarantees required from agents. In addition, PVB and TVB D+1 products can also be registered as OTC, with MIBGAS Derivatives responsible for their settlement.
The settlement of all other MIBGAS Derivatives products (futures, OTCs, auctions, etc.) is carried out through the central counterparty OMIClear.
This information is detailed in the MIBGAS Derivatives Rules and their corresponding annexes.