What the GSH EFP trade submission is for

The EFP Trade Submission Information provided to AEMO by Trading Participants stored in the GSH database for matching and audit purposes Can contain many EFP Trade Records implements a physical EFP Trade EFP Trade Submission having 1 sell and 1 buy with a matching Gas Future ID facilitated through AEMO Australian Energy Market Operator’s Gas Supply Hub Gas Trading Exchange (GSH Gas Supply Hub. An exchange for the wholesale trading of natural gas.) market.

Trading participants

Trading Participants are responsible for communicating EFP Trade Information The information submitted to AEMO in an EFP Trade Submission to AEMO.

Gas delivery period

There is no change to the Delivery Netting See Relevant Rules or Procedures process or systems. For the purpose of gas delivery, once transferred into the GSH, gas positions are treated like all other GSH trades. A Trading Participant See National Gas Rules can adjust or trade out of a position in the GSH ahead of the daily Delivery Netting run.

Prudential calculation

The GSH Prudential Calculation Settlements and Prudential Methodology determines the potential credit exposure associated with the settlement of a Trading Participant’s transactions in the GSH so EFP Exchange of futures for physical trades are incorporated into the forward exposure and included in the prudential calculation.

Inputs into the Prudential Calculation for EFP Trades are:

  1. Transaction price and volumes

  • Order price and volumes

  • EFP Trade price and volumes

The Preliminary EFP Trade Submission price is the most recent daily settlement price of the Futures product. The price used in the Preliminary EFP Trade Information is indicative only and may change for the Final EFP Trade Submission.

Forward exposure

EFP Trades Information is included in the Forward Exposure calculation between the Preliminary EFP Trading Window The Submission Period between the Start and End Dates: Start Date: First Gas Day of the Delivery Period minus 14 Calendar Days End Date: First Gas Day of the Delivery Period minus 2 Calendar Days Start and End Dates.