A pricing error is:

  • A dispatch price or reserve price that was not made available on WITS being used to calculate the interum price or interim reserve price; or
  • the clearing manager having followed an incorrect process in calculating that interim price or interim reserve price.

If a valid claim is submitted, the publication of all final prices and final reserve prices for the affected trading periods would be automatically delayed.

The clearing manager makes a recommendation to us. We then decide if the pricing error claim should be upheld. If we uphold the pricing error claim we may direct the clearing manager to correct the interim price error and republish the interim price.

More information

For more information contact the pricing manager.

Email:cm@nzx.com