founded 2006 headquarters leipzig germany key people peter reitz ceo steffen k hler coo dr. thomas siegl cro iris weidinger cfo products clearing and settlement services for energy and other commodities website www.ecc.de european commodity clearing ag ecc is a clearing house which provides clearing and settlement services for energy and other commodities traded on an exchange or via trade registration . the ecc ag is a subsidiary of the european energy exchange ag eex . contents 1 foundation 2 services 3 expansion of the product offerings 4 resources 5 references foundation edit ecc was established as a subsidiary of the european energy exchange eex in 2006 . in this context eex transferred its clearing activities to ecc . the aim has been to provide clearing services for partner exchanges as well . as a first step in this direction on 5 july 2006 the european energy exchange ag eex and the amsterdam based european energy derivatives exchange n.v. endex announced they would cooperate in the settlement of energy trading transactions . 1 this cooperation agreement constituted ecc s first step towards a clearing house working for several exchanges . today ecc acts as central counterparty for six european exchanges and is open for further partners . services edit currently ecc provides clearing services for the partner exchanges cegh gas exchange of the vienna stock exchange european energy exchange eex epex spot hungarian power exchange norexeco beginning of 2nd quarter 2014 power exchange central europe and powernext . furthermore ecc takes over clearing for trade registration trades registered via these exchanges . overall ecc provides clearing and settlement services for the following products 2 power germany france austria switzerland belgium the netherlands great britain hungary natural gas germany france the netherlands austria emission rights eua cer eru euaa coal api 2 and api 4 index guarantees of origin nordic hydro alpine hydro central northern european wind expansion of the product offerings edit november 2008 ecc now provides clearing and settlement for natural gas contracts traded on the french exchange powernext sa . april 2009 the clearing and settlement of all french power spot and derivatives contracts within the framework of the cooperation between eex and powernext is now assumed by ecc . october 2009 ecc assumes clearing and settlement for uk power futures . 3 december 2009 ecc assumes clearing and settlement services for the new gas market in austria . the trade is executed on the stock exchange systems of the vienna stock exchange delivery point is the central european gas hub cegh . 4 july 2010 ecc also acts as a clearing house for the newly built hungarian power exchange hupx and takes over the clearing and settlement of transactions concluded on hupx electricity spot market in the framework of this cooperation . 5 december 2010 clearing is extended by derivative market products . july 2011 ecc takes over the clearung for hupx electricity futures . 6 february 2013 eex group continues expanding its trade registration services to offer more products that are not traded on the eex or ecc partner exchanges . 7 june 2013 eex offers trading in guarantees of origin goos . these certificates prove that one megawatt hour of electricity was generated from renewable energy sources . ecc takes over clearing and settlement of the trades . september 2013 ecc assumes clearing and settlement of all trades completed at the prague based power exchange central europe pxe . 8 december 2013 ecc and the norwegian norexeco as have agreed to cooperate in commodity trading clearing and settlement and have concluded a cooperation agreement for that purpose . 9 december 2013 eex has become the majority shareholder of the singaporean futures exchange clear trade exchange cltx . the aim is to build a new global supply of raw materials . the cltx supplements the existing products of the eex with products such as freight iron ore fuel oil and fertilizers . resources edit ecc website partner exchanges eex website endex website powernext website epex spot website cegh website hupx website references edit press release 07 04 2006 products of ecc press release 10 02 2009 press release 06 25 2009 press release 07 20 2010 press release 07 19 2011 press release 02 14 2013 press release 09 02 2013 press release 12 11 2013 retrieved from https en.wikipedia.org w index.php title european commodity clearing & oldid 619719226 categories companies based in leipzig navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export 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