Financial Security
1. Parametric price
Parametric price according to par. 7.2.2 of OTE Business terms for the gas market is set to 1.308 CZK/MWh for the month of January 2025 (for the month of Dec. 2024, Parametric price was set to 1.308 CZK/MWh too).
Based on the evolution of the price in gas market and evolution of the related negative balancing amount price, OTE, a.s. is going to adjust the parametric price set for the month of January 2025 according to the paragraph 7.2.2. of Business Terms of OTE, a.s. for the Gas Sector. The new parametric price in amount of 1.601 CZK/MWh will be applied to the delivery days of Jan. 9th 2025 – Jan. 31st 2025.
The way of this price calculation is in the attached file
2. Bank account details for increasing financial security related to gas trading
Bank account nr.: 43-1680730297/0100
IBAN: CZ03 0100 0000 4316 8073 0297
SWIFT (BIC): KOMBCZPPXXX
Bank: Komerční banka, a.s.
Address: VÁCLAVSKÉ NÁM. 42
114 07 PRAHA 1
3. Documents to download
- The form for determination of the initial amount of financial security (XLS 76KB) Czech version - for purpose of agreement terms
- The form for determination of change of the amount of financial security (XLS 64KB) Czech version - for purpose of agreement terms
- The form for determination of the amount of financial security (XLS 68KB) English translation provided for information purposes only
- Sample wording of the guarantee sheet - English translation provided for information purposes only
4. Market operator's rate
In accordance with provision 7.5 of OTE’s business terms for the gas sector, OTE’s interest rate for accruals related to the funds of the financial security (deposited) in OTE’s account is for relevant day and PRIBOR O/N rate until 31st January 2024, included, set as:
|
PRIBOR O/N |
Market operator's bank rate |
Market operator's rate |
|
≤ 0,8 % p.a. |
< 0,0 % p.a. |
Market operator’s bank rate for legal entities’ current accounts |
|
≥ 0,0 % p.a. |
0,0 % p.a. |
|
|
> 0,8 % p.a. |
|
PRIBOR O/N – 0,800 p.b. |
In accordance with provision 7.5 of OTE’s business terms for the gas sector, OTE’s interest rate for accruals related to the funds of the financial security (deposited) in OTE’s account is for relevant day and PRIBOR O/N rate from 1st February 2024 set as:
|
PRIBOR O/N |
Market operator's bank rate |
Market operator's rate |
|
≤ 0,94 % p.a. |
< 0,0 % p.a. |
Market operator’s bank rate for legal entities’ current accounts |
|
≥ 0,0 % p.a. |
0,0 % p.a. |
|
|
> 0,94 % p.a. |
|
PRIBOR O/N – 0,940 p.b. |
5. OTE risk management contacts
If you have any questions, please contact the risk management department:
| Ing. Ondřej Záviský | +420 234 686 400 | OZavisky@ote-cr.cz |
|---|---|---|
| Ing. Ondřej Houdek | +420 234 686 403 | OHoudek@ote-cr.cz |
