ECC has implemented a Self-Service Limit Maintenance functionality for different exchanges, in particular 24/7 markets.
For the purpose of emergency situations ECC requests all Clearing Members to nominate an emergency contact for Trading Limits Maintenance.
In addition to this, ECC has introduced rules for the use of exemption rights for new limits, which enable ECC to act on-behalf of the Clearing Member in case the emergency contact is not available.
The setup procedures of the Emergency Contact and clarification regarding details on the exemption rule a described within this Clearing Circular.