We are approved as a settlement bank at eSett and thus support our customers in their trading activities on the electricity market in the Nordic markets of Denmark, Finland, Norway and Sweden.
Your situation
You are a company with headquarters in Austria and/or Germany and are seeking registration on the electricity market in the Nordic countries. The prerequisite for this is registration with eSett and connection via an approved settlement bank.
As OeKB, we are an eSett-approved settlement bank. We support you with our expertise in the energy market and enable your market connection. This allows you to focus entirely on your trading activities in the Nordic countries.
Our offer
As a settlement bank of the Nordic clearing house eSett, we offer our customers a smooth connection, professional processing and ongoing reporting of their payments.
We manage their collateral and ensure communication with eSett for financial clearing. This allows our customers to devote themselves entirely to their trading activities. Processing with the eSett takes place via Swift messages and is based on high standards in payment processing and communication.
Our service includes managing the billing and cash deposit account as well as ensuring the necessary reporting with the eSett - for smooth payment processing and security deposit.
You can find out more about the eSett here: