European Commodity Clearing AG
For the transactions to be cleared, the NCM has to contact a Clearing Member of his choice. The legal relationship between an NCM and a CM is defined by the Clearing Conditions and the NCM Agreement. Within this constellation the CM takes over financial settlement in order to perform financial transactions through one interface.
Admission by ECC constitutes a fundamental precondition for trading for NCMs. Admission ensures that settlement, delivery and hedging of the transactions will be secured by the clearing house.
The following requirements are necessary for admission by ECC: