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Process

ECC only invoices fees for the provision of clearing and settlement services. Other invoices connected to trades on our Partner Exchanges are issued by the exchanges themselves. For more information on our Partner Exchanges' invoices, please see the section “Fee Settlement”.

The following steps are part of the ECC invoicing process (for transaction-based clearing fees):

  • Issuance: 
    ECC creates the invoice by the 5th business day of the following month
  • Distribution:
    The invoice is sent to the customer by e-mail via download link and/or by FTP access
  • Reporting: 
    Reports (Invoice and Payment Reports "EUR_FEE") can be subscribed via the ECC Member Area
  • Debiting: 
    Fees are debited on the 10th business day of the following month via the TARGET2 account of the participant's clearing bank or the settlement account of the DCP Clearing Member

All non-transaction based fees for clearing and settlement services are invoiced and debited according to ECC's Price List.