European Commodity Clearing (ECC) is the leading clearing house for energy and commodity products in Europe. ECC assumes the counterparty risk and guarantees the physical and financial settlement of transactions, providing security and cross-margining benefits for its customers. As part of EEX Group, ECC provides clearing services for EEX, EEX Asia, EPEX SPOT, Powernext and Power Exchange Central Europe (PXE) as well as the partner exchanges HUPX, HUDEX, NOREXECO, SEEPEX and SEMOpx.
In order to trade on EEX Group markets, companies need to complete the admission process at the respective market place. Proper settlement and collateralisation of transactions require the recognition as a trading participant by the respective clearing house – ECC for Europe and Nodal Clear for US markets.
EEX Group provides multiple connectivity options to access its markets via a number of “front-ends”. Each access type is designed for simplicity and compatibility with the Trayport systems or in-house solutions. Depending on the individual requirements, customers can select the right solution from various front-end alternatives. Connection is possible via VPN, internet or leased line according to your individual requirements.
Secured clearing and settlement of all transactions is provided by our clearing houses European Commodity Clearing (ECC) and Nodal Clear in the USA. Our clearing houses assume clearing as well as physical and financial settlement of transactions concluded and registered for clearing on all partner exchanges. The Range of clearing and settlement services comprises physical settlement, financial settlement and invoicing for transactions.
Regulatory Reporting Services
EEX Group supports its clients in fulfilling their transparency and reporting obligations which arise in the framework of the regulations MiFID II, MIFIR, REMIT, MAR, EMIR and Transparency Regulation.