ECC Clearing Circular 11/2024 | Announcement: Initial margin model transition to a portfolio-based approach


    ECC is planning to replace the current SPAN1 initial margin model for derivatives with a portfolio-based initial margin model. ECC’s target model is the Prisma methodology, initially developed and deployed by Eurex Clearing AG. The technical platform including member interfaces will be the state-of-the-art Risk Management Platform R7, developed within Deutsche Boerse Group.

    The roll-out of the Risk Management Platform and the initial margin methodology for commodity derivatives cleared by ECC is planned for 2026, subject to the successful completion of the regulatory approval processes and member readiness.


    European Commodity Clearing AG
    Clearing & Settlement
    Phone: +49 341 24680-444