For spot trading with electricity and gas, OeKB also offers small energy companies the General Clearing Member Service, connecting them with the ECC, the European Commodity Clearing. We are the only Austrian GCM with a high credit standing and a low level of risk.

Your situation

You want to trade with the ECC’s partner exchanges on the spot markets for electricity and gas. As a Non-Clearing Member (NCM), you need the service of a General Clearing Member (GCM).

Our service:
GCM service with high credit standing and a low level of risk

We offer our customers the GCM service for trading in gas and electricity on the spot markets. Energy companies with low volumes also benefit from our service. We are the only GCM in Austria with such a low level of risk because of our high credit standing and longstanding market experience.

Payment settlement and collateral management

We offer our customers account management for settlement and cash collateral accounts, collateral management and depositing as well as the handling of daily financial clearing with the ECC. In this capacity, OeKB stands between the ECC and the NCM and takes over the risk for the NCM in its dealings with the ECC.

OeKB as a General Clearing Member

OeKB operates on spot markets as a General Clearing Member (GCM) with the ECC: Europe's major clearing house for energy and energy-related products, providing clearing services to its partner exchanges.

The ECC’s partner exchanges

· EEX (European Energy Exchange)
· EPEX SPOT SE
· EPEX SPOT Belgium
· HUPX Ltd. (Hungarian Power Exchange)
· NOREXECO ASA
· PXE (POWER EXCHANGE CENTRAL EUROPE, a.s.)
· Powernext
· SEEPEX (See Power Exchange)

Your benefits

High credit standing

The OeKB has an excellent creditworthiness.

Simple risk management

As your GCM, OeKB takes over your risk as an NCM.

Highly specialised knowledge

OeKB’s specialist knowledge of exchanges benefits your business.

Costs and commissioning

As the costs for OeKB’s GCM services depend on the NCM and the situation, we create individual offers based on the credit rating, service required, volume traded and limits set.

Interested?

Contact us if you are looking for a reliable GCM with an outstanding credit rating. We will be happy to help you.
Energy Market Services
T +43 1 53127-2060
F +43 1 53127-4060
energie-clearing@oekb.at

Contact us!

Energy Market Services
T +43 1 53127-2060
F +43 1 53127-4060