ECC issues 2 major groups of invoices:
Please find details on the Value Added Tax (VAT) incurred in section 1 of the ECC Price List .
An invoice of the “Delivery” type is sent out for all purchased and sold commodities of products with physical delivery. It comprises the clearing fees for the previous month if applicable including VAT.
The invoice is divided into the following parts for which purchases and sales are listed in each case:
- Settlement of spot transactions
- Settlement of intraday transactions
- Settlement of futures expiries
An invoice of the “Trading” type is sent out for derivatives market products or financially fulfilled contracts. It comprises the clearing fees for the previous month, if applicable including VAT.
The invoice is divided into following parts:
|Invoice content||Receipt from||Example invoice no.|
|"DELIVERY"||ECC Luxembourg S.á.r.l||ABCEX_L1100001||from invoice month May 2011|
|"TRADING"||ECC AG||ABCEX_E1100001||from invoice month May 2011|
Please note: Clearing Members, DCP Clearing Members and Non-Clearing Members based in Germany have to pay VAT (tax rate 19%) in addition to the fees charged. More details are provided in section 1 of the ECC Price List .