15.3.2018 / Exceptions in invoicing and collaterals during Easter Holidays

Because of the Easter public holidays there will be some exceptions in invoicing during Easter. Invoices for week 10 will be published on March 26th, debited on March 28th and paid on April 3rd. Invoices for week 11 will be published on April 3rd, they will be debited on April 5th and paid on April 6th.

During the period of March 26th to April 8th the collateral demand will be increased due to the longer period of eSett not being able to monitor collaterals. In the collateral formula (m*(V1+V2)*P) is used as an estimate of the forward-looking component. Normally m=3/7 because monitoring does not take place during the weekends. During Easter, this period will be at the most five days. eSett will temporarily change m to 4/7 between March 26th to April 8th.

Please be prepared to have the collateral in place at all times also during the holidays.