Ecc Clearing Agreement

European Commodity Clearing (ECC) is the leading clearing house for energy and commodity products in Europe and the central clearing house for the Global Commodity Exchange, EEX Group. ECC assumes the counterparty risk and guarantees the physical and financial treatment of transactions by offering its customers security and cross-margining benefits. As part of the EEX group, ECC offers clearing services for EEX, EEX Asia and EPEX SPOT with additional services for Power Exchange Central Europe (PXE). Ecc also offers clearing services for HUPX, HUDEX, NOREXECO, SEEPEX and SEMOpx partnership meetings. Detailed information on the compensation and settlement-delivery of the ECC. We are pleased to help you clear cash and futures transactions in Den P.A., electricity, gas, emission allowances, original warranties, pulp, seafood or coal. Please note that in addition to the above requirements, you must also meet certain requirements of the commodity exchange where you wish to trade, as well as to become a non-compensator member of the relevant clearing house (ECC and/or NASDAQ), as this membership is generally free. Overall, ECC provides clearing and settlement services for the following products:[3] NOREXECO and ECC have coordinated the two application procedures, which must be fairly formal under legal requirements. An application for membership consists of some necessary information and agreements such as: ECC was established in 2006 as a subsidiary of the European Energy Exchange (EEX). In this context, EEX transferred its clearing activities to eCC. The aim was also to provide compensation services for partner exchanges. On 5 July 2006, European Energy Exchange AG (EEX) and the Amsterdam-based European Energy Derivatives Exchange N.V. (ENDEX) announced their cooperation in the management of transactions in the energy sector.

[1] This cooperation agreement was the first step of the ECC towards a clearing house operating on several stock markets. ECC acts as a central counterpart for EEX Group exchanges and subsequent partner exchanges. Currently, 10 partnership meetings use ECC`s clearing and settlement services. [2] ECC currently provides clearing services for EEX Asia, European Energy Exchange (EEX), EPEX SPOT, Hungarian Derivative Energy Exchange (HUDEX), Hungarian Power Exchange (HUPX), Norexeco, Powernext, POWER EXCHANGE CENTRAL EUROPE (PXE), SEEPEX and SEMOPX. In order to become a member of the trade, the applicant must meet NOREXECO`s membership criteria, have an agreement with a clearing bank with ECC and be approved by the ECC, NOREXECO`s countervailing partner. Our experts offer state-of-the-art clearing services as well as specialized services tailored to your needs. Download the FAQ for general information on clearing migration for transactions on APX to ECC. To access one of ECC`s clearing and settlement systems, in order to use all of our services, the member must provide the appropriate technical form. Separate trading forms (TP Forms) in the table below must be sent for billing certain products and for selected physical delivery. This will be a proof of the physical delivery capacity at ECC. These forms must be provided by non-compensatory members and countervailing members if they wish to start negotiating at one of ECC`s partnership meetings.

. If you would like to negotiate at one of ECC`s partnership meetings, please complete the corresponding negotiating forms (TP forms). Please consider encrypting the information you provide. We offer you the use of our secure platform for document exchange. If you would like to arrange a custom setup for a secure transmission, please contact us.