ECC History
European Commodity Clearing AG
Augustusplatz 9
04109 Leipzig
Germany
Tel.: +49/341/24680-444
Fax: +49/341/24680-409
eMail: info@ecc.de
Internet: www.ecc.de
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ECC History
Five years ago, the establishment of European Commodity Clearing AG (ECC) laid the foundation for an independent European clearing house for energy and related products which is open for partnerships of various design.
ECC has constantly expanded its range of products, its membership base and its exchange partnership network as outlined in the following timeline.
2006 | April - EEX announces the spin-off of a subsidiary for clearing services 5 July – The Dutch derivatives exchange ENDEX European Energy Derivatives Exchange N.V. and EEX sign a co-operation agreement August – ECC obtains a banking license from the Federal Financial Supervision Authority (BaFin) 25 August – ECC is entered in the Commercial Register |
2007 | April – ENDEX acquires one nominal share in ECC 22 June – ENDEX becomes a member of the ECC Supervisory Board |
2008 | 26 November – ECC launches co-operation with Powernext SA |
2009 | April – In the framework of the EEX-Powernext co-operation, ECC provides clearing and settlement for all products traded on EPEX SPOT and EEX Power Derivatives October – ECC subsidiary in Luxembourg starts operations 11 December – ECC launches clearing and settlement for contracts traded on the CEGH Gas Exchange of Vienna Stock Exchange |
2010 | 20 July – HUPX becomes new partner of ECC |
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Network of Partners
ECC offers access to an international network of partner exchanges, clearing members and transmission system operators.…to ECC’s Network of Partners