Ex Ante Reallocation

Ex Ante Lodged before the target trading intervals occur, when the volume and price are unknown. Reallocations Reallocation Request Service. See Relevant Rules or Procedures are lodged before the target trading intervals occur, when the volume and price are unknown. If a Reallocation A reallocation transaction, as defined in the NER is to be relied upon for reducing Maximum Credit Limits (MCL Maximum Credit Limit), it must be submitted and authorised before the close of business on the seventh business day prior to the earliest trading interval specified in the Reallocation, see Figure 32.

Business As defined in the NERL. days are weekdays from Monday to Friday that are not public holidays (public holidays are listed in the Settlement Calendars).

The Ex Ante due by date shown in Reallocations is the date the Ex Ante reallocation must be authorised if it is to be recognised for MCL purposes.

Ex Ante Reallocation example

Take this example from the 2016 Settlement Calendar:

1. The billing period start is Monday 9 October 2016.
2. If you want to submit a Reallocation with a Start Date on 19 October 2016 to rely on it for reducing prudential obligations, it must be authorised by Monday 10 October 2016.
3. On Monday 10 October 2016, submit and authorise your Ex Ante reallocation.
4. Add seven business days prior to the earliest trading interval specified in the Reallocation.
5. The Start Date for your Ex Ante reallocation is Wednesday 19 October 2016.
6. The preliminary statement is issued on Friday 21 October 2016.

Figure 32 Ex Ante reallocation example