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DCP Payments

    DCP Payments

    ECC performs the financial settlement for all energy transactions contracted on ECC‘s partner exchanges. 

    ECC supports EUR and GBP payment processing through a network of Settlement Banks. These banking institutions facilitate the daily exchange of payment instructions between ECC and Direct Clearing Participants (DCP).

    This page provides information on DCP Settlement Banks, the payment set-up process and the applicable payment timelines.

    DCP Settlement Banks

    DCP Settlement Banks maintain settlement accounts for DCP members and process EUR and/or GBP payments based on payment instructions provided by ECC.  A DCP Settlement Bank is ABN AMRO Bank N.V. or a bank connected to ABN AMRO Bank for the processing of DCP payments.

    Payment instructions are exchanged via SWIFT and routed through ECC's Settlement Bank, ABN AMRO Bank N.V.  DCP Settlement Banks must maintain SWIFT connectivity with ABN AMRO Bank.

    For EUR payments, DCP Settlement Banks are generally required to participate directly in T2 (the European central bank payment system).

    For GBP payments, the banks must be able to process CHAPS payments.

    Settlement Bank Directory

    The following institutions currently offer DCP Settlement Bank services:

    Bank Country BIC Eur GBP Contact
    AB Swedbank LTU HABALT22XXX Yes No verslas@swedbank.lt
    AS SEB Bank (Skandinaviska Enskilda Banken AB) SEB Group EST EEUHEE2XXXX Yes No cm.clientservices@seb.ee
    AS SEB Bank (Skandinaviska Enskilda Banken AB)  SEB Group LVA UNLALV2XXXX Yes No cm.clientservices@seb.lv
    AS SEB Bank (Skandinaviska Enskilda Banken AB)  SEB Group LTU CBVILT2XXXX Yes No cm.clientservices@seb.lt
    AS Swedbank EST HABAEE2XXXX Yes No cashmanagement@swedbank.ee
    AS Swedbank LVA HABALV22XXX Yes No without contact
    Barclays Bank GB BARCGB22XXX No Yes without contact
    Commerzbank DE COBADEFFXXX Yes Yes without contact
    DZ BANK AG (früher: WGZ Bank) DE GENODEDDXXX Yes No Firmenkunden@dzbank.de
    HSBC BANK PLC GB MIDLGB22XXX No Yes without contact
    HSBC UK BANK PLC GB HBUKGB4BXXX No Yes without contact
    HCOB-Hamburg Commercial Bank AG DE HSHNDEHHXXX Yes No Stefanie.Buhtz@hcob-bank.com
    Jyske Bank DK JYBADKKKXXX Yes Yes cdg@jyskebank.dk
    KBC Bank NV BE KREDBEBBXXX Yes No without contact
    KBC BANK NV LONDON GB KREDGB2XXXX No Yes without contact
    Nordea Bank ABP FI NDEAFIHHXXX Yes No ISGinternational@nordea.fi
    OESTERREICHISCHE KONTROLLBANK AG AT OEKOATWWXXX Yes No energie-clearing@oekb.at
    OTP banka d. d. SVN KBMASI2XXXX Yes No without contact
    RAIFFEISENBANK A.S. CZ RZBCCZPPXXX Yes No erik.gartner@rb.cz and david.cajthaml@rb.cz
    SANTANDER UK PLC GB ABBYGB2LXXX No Yes without contact
    Sydbank A/S DK SYBKDK22XXX Yes Yes ETD@sydbank.dk

    Additional Settlement Banks

    The Settlement Bank directory represents currently known institutions offering this service to DCP members. Further banking connections may be available and can be assessed upon request.

    The Direct Clearing Team can verify whether a preferred bank meets the technical and operational requirements for EUR and/or GBP payment processing. Contact details are provided at the bottom of this page.

    Payment Set-up

    Payment processing requires an account with a DCP Settlement Bank and the corresponding set-up in ECC’s systems. The connection is established and validated in four steps.

    Settlement Bank Onboarding: Four Steps to Payment Readiness

    1 2 3 4
    Select & verify the bank Open bank account & submit account details Configure ECC systems Validate debit & credit payments
    DCP submits desired Bank Identifier Code (BIC) to ECC. ECC verifies if the bank meets the requirements. DCP opens the settlement account(s) and submits the account details to ECC. ECC sets up the account details in its systems and prepares the payment connection for use. ECC initiates debit and credit test payments. Successful processing confirms payment readiness.

    Detailed information can be found in the following presentation.

    Publishing date Title File
    2025-12-08 DCP Connected Bank Presentation pdf (247 KB)

    Payment Cycle

    ECC processes payments arising from transactions concluded on its partner exchanges. 

    Payment obligations from transactions and fees are netted into a single net payment amount per DCP member and Settlement Bank account.

    Settlement Timelines

    ECC applies a daily booking cut-off at 16:00 CE(S)T on ECC Business Days.

    Transactions concluded before the cut-off are included in the following payment cycle. Transactions concluded after the cut-off are included in the subsequent payment cycle.

    EUR Payments

    EUR collections and payments are processed on T2 operating days and completed by  08:00 CE(S)T on the applicable payment date.

    GBP Payments

    GBP collections and payments are processed on UK business days and completed by 09:00 CE(S)T on the applicable payment date.

     

    Payment Reporting

    Payment Reports provide information on payment obligations and how they are derived.  Reports are available through the ECC Member Area  and can be subscribed to as part of the onboarding process or at any later stage.

     

    nEHS-DCP Payment Set-up

    A specific payment set-up applies to members participating exclusively in the sale of nEHS certificates under a dedicated nEHS-DCP membership.

    Further information is available on the dedicated nEHS-DCP information page.

    Direct Clearing

    • For all questions concerning Direct Clearing processes (limit, collateral and payment)
    • Available from 7:30 am to 7:00 pm CE(S)T
    +49 341 24680-444 direct.clearing@ecc.de

    Payment Reports

    Find detailed information on ECC Reports.

    To the reports

    Price List

    Find detailed information on ECC fees.

    to the price list