Collaterals in the form of a Bank Guarantee shall be valid for the minimum periods as follows:
For long-term products:
- for products with a duration of more than one month, until at least 30 calendar days after the end of each next calendar month within the Product Period
- for products with a duration of one month, until at least 30 calendar days after the end of the Product Period
- for products with a duration of less than one month, until at least 60 calendar days after the end of the Product Period
For day-ahead and intraday products:
- until at least thirty (30) calendar days after the end of calendar month of the Product Period.
Market Participants should replace or renew the collaterals in form of a Bank Guarantee at least 4 working days before the expiry of the validity of the collaterals.