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Question 4 Should positions with different maturities for other month's limits be netted? [Last update: 23/09/2022]

Art. 3(4) of RTS 21

Should positions with different maturities for other months' limits be netted?

Answer 4

Yes. Persons must determine their net position for each commodity derivative for the other months' limit, as indicated in Article 3(7) of RTS 21a.

They should sum (or net, as appropriate) all individual positions across the curve excluding those positions in the spot month for that commodity derivative.

Comparing proposed amendment...