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    Regulatory Framework

    As of 11 June 2014, ECC has been granted a Central Counterparty license according to Article 14 (1) of the Regulation (EU) 648/2012 on OTC derivatives, central counterparties, and trade repositories (EMIR). This license authorizes ECC to offer services and activities in the European Union. It covers commodity transactions or transactions with commodities as the underlying. ECC is supervised by the German Federal Financial Supervisory Authority, the German Central Bank and the European Securities and Markets Authority:

    ECC is a member of the European Association of Clearing Houses (EACH) and complies with the risk standards promoted by EACH, namely the CPSS-IOSCO principles for Financial Market Infrastructures.

    With effect from 26 March 2018 ECC is recognized by the Monetary Authority of Singapore (MAS) as a recognized clearing house (RCH) in Singapore according to section 51 (2) of the Securities and Futures Act (SFA). ECC's recognition is restricted to its operation of a clearing facility for the clearing of specified derivative contracts only. A collection of relevant links to the information ECC discloses to Participants according to the SFA can be found in ECC’s Singapore Risk Disclosures document.

    Risk Committee

    The Risk Committee of ECC has at least 5 voting members and if required independent experts in a non-voting capacity. The committee meets at least four times a year and advises the ECC management board with regard to questions of risk management.

    The current members of the committee are:

    Member Representative of
    Thomas Laux
    (Risk Advisory Coach)
    		 Supervisory Board Member; as Chairperson of the Risk Committee
    Mario Claeys
    (Founder and Managing Director, CMeXs)    		 Supervisory Board Member; as Deputy Chairperson of the Risk Committee
    Wolfgang Behr  
    (Head of Trading Credit Risk Management, Unicredit Bank AG)    		 Clearing Member Representative
    Sam Masso
    (Associate Director Commodities & Global Markets, Macquarie)    		 Clearing Member Representative
    Aurélien Martini
    (CCP Risk Analyst, Société Générale)    		 Clearing Member Representative
    Ed van der Star
    (Global Manager Credit Risk Management, ABN AMRO)    		 Clearing Member Representative
    Haiyi Lan
    (Credit Risk Officer – Funds & CCPs, BNP Paribas)    		 Clearing Member Representative
    Mathieu Doucy
    (Vice President Trading Support, Total Energies Gas & Power Ltd.)    		 Client Representative
    Dr.-Ing. Guido Hirsch
    (Head of Risk Methods & Market Risk, EnBW Energie Baden-Württemberg AG)    		 Client Representative
    Dr. Michael Jost
    (Head of Credit Risk Control, RWE Supply & Trading GmbH)
    		 Client Representative
    Dr. Rüdiger Schils
    (Vice President Risk Management, Statkraft Markets GmbH)    		 Client Representative
    Yasmina Semlali
    (Chief Risk Officer, ENGIE Global Markets)      		 Client Representative

     

    Further Information

    Publishing date Title File
    2025-01-01 ECC Risk Committee - Terms of Reference pdf (139 KB)

    Clearing Working Group

    In the ECC Clearing Working Group, which meets quarterly, ECC informs the participants about ECC’s ongoing and new projects/initiatives related to all markets cleared by ECC and ECC’s Risk Management. Additionally, ECC presents the developments of its Partner Exchanges (e.g. market volume, registered participants).
     
    Participants of the ECC Clearing Working Group are:

    Downloads

    Please find downloads about regulation at ECC below.

    For more information about the complaints procedure at ECC here: Complaints Management.

    Publishing date Title File
    2024-12-15 Segregation at ECC AG pdf (231 KB)
    2024-05-16 Singapore Risk Disclosures pdf (106 KB)
    2022-07-25 Appeal, Complaint, Disciplinary (ACD) procedures pdf (201 KB)
    2015-06-17 FAQ on Segregation and Portability pdf (218 KB)

    Publications

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