ECC Clearing Circular 73/2025 | EUA Haircut Parameter Update

    ECC adjusts haircut parameter for EUA Emission Allowance as collateral

    As result of a regular parameter recalibration, ECC adjusts the haircut parameter for EUA Emission Allowance as collateral as of 1 February 2026 as follows:

    • Parameter: Haircut EUA Emission Allowance
    • Current value: 0.35 (equivalent to 35%)
    • New value 0.25 (equivalent to 25%)

    The haircut parameter refers to the percentage discount applied to the market value of EUA Emission Allowances when used as collateral.

    The corresponding parameter in ECC’s risk parameter file on the ECC website will be updated on 1 February 2026.

    Clearing Members are reminded to check whether the collaterals deposited are set sufficiently to cover margin requirements.

    For assistance, please contact clearing@ecc.de.


    CONTACT
    European Commodity Clearing AG
    Clearing ETD / Risk Operations
    Phone: +49 341 24680-444
    E-Mail: clearing@ecc.de