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 12 will be published on April 6^th, debited on April 8^th and paid on April 14^th. Invoices for week 13 will be published on April 14^th, they will be debited on April 16^th and paid on April 17^th.

During the period of April 6^th to April 19^th 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 April 6^th to April 19^th.