Because of the Easter public holidays there will be some exceptions in invoicing during Easter. Invoices for week 12 will be published on April 6th, debited on April 8th and paid on April 14th. Invoices for week 13 will be published on April 14th, they will be debited on April 16th and paid on April 17th.
During the period of April 6th to April 19th 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 6th to April 19th.