be exacerbated by a newthat could send them spiraling higher still.an governments have only belatedly rallied to offer financial support to power providers on the brink of collapse, in an effort to ease pressure on a market whose smooth operation is vital to keep people warm.
The problem first came to light in March when an association of top traders, utilities, oil majors and bankers sent a letter to regulators calling for contingency plans.This was triggered by market players rushing to cover their financial exposure to soaring gas prices through derivatives, hedging against future price spikes in the physical market, where a product is delivered, by taking a ‘short’ position.
But if funds in the account fall below the minimum margin requirement, in this case 10-15%, it triggers a ‘margin call’.
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