HELLENIC EXCHANGES S.A.: Renewal of Risk Management Parameters
We would like to inform you for the disposal of new version of "Risk Management Parameters" that will come in effect on Tuesday, 13 January 2009.
Changes concerning:
- Change of fixed volatility parameter that RIVA uses for the margin calculation for the derivative products on the indices FTSE/ASE-20 and FTSE/ASE Mid-40 is being adjusted from 40% to 46%.
- Percentage change of ask volatility, for short position closing on options, that is been used for the calculation of member risk from 50% to 56%.