Because of the Easter public holidays there will be some exceptions in invoicing during Easter. Invoices for week 10 will be published on March 29th, debited on March 31st and paid on April 6th. Invoices for week 11 will be published on April 6th, debited on April 8th and paid on April 9th.

During the period of March 29th 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 29th to April 11th.