Regulatory Framework

    As of 11 June 2014, ECC has been granted a Central Counterparty licence according to Article 14 (1) of the Regulation (EU) 648/2012 on OTC derivatives, central counterparties and trade repositories (EMIR). This licence authorizes ECC to offer services and activities in the European Union. It covers commodity transactions or transactions with commodities as the underlying. ECC is supervised by the German Federal Financial Supervisory Authority, the German Central Bank and the European Securities and Markets Authority:

    ECC is a member of the European Association of Clearing Houses (EACH) and complies with the risk standards promoted by EACH, namely the CPSS-IOSCO principles for Financial Market Infrastructures.

    With effect from 26 March 2018 ECC is recognised by the Monetary Authority of Singapore (MAS) as a recognised Clearing House (RCH) in Singapore according to section 51 (2) of the Securities and Futures Act (SFA). ECC's recognition is restricted to its operation of a clearing facility for the clearing of specified derivative contracts only.

    Risk Committee

    The Risk Committee of ECC has at least 5 voting members and if required independent experts in a non-voting capacity. The committee meets at least four times a year and advises the ECC management board with regard to questions of risk management.

    The current members of the committee are:

    Member Representative of
    Prof. Harald Pfab
    (Consultant)
    Independent Supervisory Board Member; Chairman of the Risk Committee
    Jürg Spillmann (Chairman of the Board of Directors, Eurex Global Derivatives AG) Independent Supervisory Board Member
    Dipl.-Ing. Dr. techn. Josef Bogensperger
    (Principal Risk Manager, VERBUND Trading GmbH)
    Client Representative
    Christos Galanis
    (Risk Analyst, BNP Paribas Commodity Futures)
    Clearing Member Representative
    Dr.-Ing. Guido Hirsch
    (Head of Risk Methods & Market Risk, EnBW Energie Baden-Württemberg AG)
    Client Representative
    Vincent van Lith
    (European Head of Energy, ABN AMRO Clearing)
    Clearing Member Representative
    Shiqian Wang (Counterparty Risk Analyst on Central Counterparties, Société Générale) Clearing Member Representative

     

    Further Information  
    ECC Risk Committee                    

    download PDF (229 KB) 

    Clearing Working Group

    In the ECC Clearing Working Group, which meets quarterly, ECC informs the participants about ECC’s ongoing and new projects/initiatives related to all markets cleared by ECC and ECC’s Risk Management. Additionally, ECC presents the developments of its Partner Exchanges (e.g. market volume, registered participants).
     
    Participants of the ECC Clearing Working Group are:

    Marcus Knappe

    Director CCP Risk Management & Risk Controlling

    +49 341 24680-530 marcus.knappe@ecc.de

    EMIR Regulation

    Please download the overview on ECC’s approach to  "Segregation & Portability" under EMIR.

    Download

    FAQ on Segregation and Portability

    Please download  FAQ to the segregation and portability solutions offered by ECC.

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    Complaints Procedure

    Appeal, Complaint, Disciplinary (ACD) procedures (2016-06-13)

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    Publications

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