European Commodity Clearing (ECC)
European Commodity Clearing (ECC) is a central clearing house which specialises in energy and commodity products. ECC assumes the counterparty risk and guarantees the physical and financial settlement of transactions, providing security and cross-margining benefits for its customers. As part of EEX Group, ECC provides clearing services for EEX, EEX Asia and EPEX SPOT and for the partner exchanges HUPX, HUDEX, NOREXECO, SEEPEX and SEMOpx.
In 2009 European Commodity Clearing Luxembourg S.à.r.l. (ECC Lux), ECCs fully owned subsidiary in Luxembourg, started its operations. For most ECC cleared spot market transactions and for derivatives transactions that are physically settled and delivered, ECC Lux steps into the delivery chain as an additional contractual partner.
ECC is part of Deutsche Börse Group.