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Become A Member Clearing




All products traded on SEEPEX are cleared and settled by the European Commodity Clearing AG (ECC).

ECC is a privately owned stocked corporation under the laws of Germany with registered offices in Leipzig. In its role as a central counterparty ECC steps between the buyer and seller and assumes the counterparty risk. In the event of a default, ECC guarantees payment and delivery of the transactions.

More precisely, ECC performs all activities encompassing the daily balancing of profit and losses, the daily calculation of collateral requirements and final physical and financial settlement.

The clearing process of ECC relies on an infrastructure of international banks operating as Clearing Members. Companies that wish to trade on the SEEPEX market have to be admitted as Non-Clearing Members and/or Clearing-Members by ECC.

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