Summary
Between Monday, 3 November 2025 and Friday, 14 November 2025, ECC will perform its annual default simulation, together with other CCPs, regulators and external stakeholders.
The focus for external participation is on practicing the following:
- NCM porting to a new Clearing Member
- Close-out via auctions for core products cleared by ECC
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 it.
CONTACT
Default & Recovery Design
defaulttest@ecc.de