On 01 December 2021, ECC will perform a default simulation including external stakeholders. It will be used to practice close-out and related risk-mitigation procedures in the event of a Clearing Member default. This simulation is required under EU Regulation 648/2012 (EMIR).
This clearing circular contains information about the default simulation and is relevant for all ECC members. ECC encourages all members to actively take part in the simulation.
European Commodity Clearing AG
Clearing & Settlement
Phone: +49 341 24680-444