Podgorica, Montenegro, 11th of November, 2014
SEE CAO informs all Market Participants interested in participation in Yearly Auction for 2015, scheduled for 27th of Novemeber, that deadline for receiving Statement of Acceptance is Tuesday, 18th of November 2014, EOB , 16:00 h.
Deadline for receiving the Annex 5 (Registration to Auction Platform) is Monday, 24th of November.
Deadline for Risk Management instruments are according to SEE CAO Auction Rules v1.1, Article 4.4, Para 2:
2. The value of the Credit Limit is calculated for each Auction Participant as follows: a. Before the yearly and monthly Auction Process as a sum of the following: The maximum value of the Bank Guarantees provided by the Auction Participant to SEE CAO if they fulfill the requirements according to Article 4.2 (b).The Auction Participant is obliged to deliver the Bank Guarantee in original to SEE CAO by 12:00 CET on the last Working Day before the day of the Yearly Auction see Auction Calendar) respectively by 12:00 CET on the last Working Day before the of the Monthly Auction, in order for the Bank Guarantee to be included into the calculation of the Credit Limit.The amount of Deposits provided by the Auction Participant to SEE CAO if they fulfill the requirements according to Article 4.2. (a). The Auction Participant is obliged to credit a Deposit on SEE CAO's bank account at the latest three (3) Working Days before the day of the Yearly Auction respectively the day of the Monthly Auction, in order for the Deposit to be included into the calculation of the Credit Limit.