Energy & Products newsletter April 2016
- Clearing
The ABN AMRO Clearing Energy Products Newsletter informs you about new products, events and initiatives.
This April newsletter has the following content:
New European financialpower Futures on ICE-ENDEX
Wind Power Futures on European Energy Exchange (EEX)
Short Term Power Futures on European Energy Exchange (EEX)
NASDAQ launch new European Power and Gas contracts
Recent products & exchanges added to AACB clearing portfolio
New European financial power futures on ICE-ENDEX
ICE-ENDEX intends to launch a number of European Financial Power future contracts in Q2-2016, subject to completion of relevant regulatory processes. The offering will consist of Month, Quarter and Calendar contracts (Monthly Futures), as well as Day, Weekend and Week Contracts (Daily Futures).
The contracts will be listed under the ICE ENDEX Derivatives BV rulebook and cleared by ICE Clear Europe.
ABN AMRO Clearing Bank support these new contracts on ICE-ENDEX and is able to clear these for its clients. Participants with user permissions for the existing physical Dutch Power Futures market type will automatically be permissioned for the new financial power futures offered on ICE-ENDEX.
Each client will need to request clearing limits in order to be able to trade these products. Do please contact our Pre-Trade Risk Department to set the limits:
Wind Power Futures on European Energy Exchange (EEX)
EEX is planning to add German - Austrian Wind Power Futures to its clearing portfolio in June 2016, subject to the relevant testing and setup processes. The underlying of the future is an index. The index denotes the average actual load factor of the currently installed wind power plants in the German-Austrian price zone. Modelling , calculation and broadcasting of the index data is performed by a certified, neutral third-party index provider - EuroWind GmbH.
The offering will consist of Weeks, Months, Quarters and Year contracts. Fulfilment by means of cash settlement based on the final settlement price on the settlement day following the last trading day.
ABN AMRO Clearing Bank will look into these new Wind Power contracts on EEX to add to our clearing portfolio.
Short Term Power Futures on European Energy Exchange (EEX)
In Q2-2016, EEX will introduce short term power futures to its trading platform. Based on client requests, EEX is gradually extending its product offering in the power derivatives contracts.
Due to the increasing share of renewable energy sources and their effect on short-term volatility, trading volumes in contracts such as Day, Weekend and Week Futures are rapidly growing in OTC markets and on the EEX platform. In general, volatility is declining further out on the curve and increasing at the front.
EEX intends (upon approval from the EEX Exchange Council) to launch the following products:
French Peak Day and French Peak Weekend Futures
Italian Peak Day and Italian Peak Weekend Futures
Nordic Base Week Futures
Dutch Base Week Futures
Swiss Base Week Futures
ABN AMRO Clearing Bank support these new contracts on EEX and is able to clear these for its clients.
Nasdaq launch new European Power and Gas contracts
Nasdaq Commodities will add new products to its clearing platform at the end of April 2016. The offering consists of listing for trading and clearing European power and gas derivatives on Nasdaq Oslo ASA and Nasdaq Clearing AB, subject to succesful testing and regulatory approval.
The new products includes French, Belgian, Spanish and Italian power contracts, in addition to the existing contracts German, UK and Dutch Derivatives on Nasdaq. In gas the offering includes Dutch TTF, German NCG, German Gaspool, UK NBP, French PEG Nord, French TRS and Belgian ZEE.
The products will be monthly cash settled DS Futures with no physical delivery and no cascading. The contracts will be available for trading in the electronic orderbook or reported to the exchange as Block Trades.
ABN AMRO Clearing Bank will look into these new contracts on Nasdaq to add to our clearing portfolio.
Recent products & exchanges added to AACB clearing portfolio
In Q1-2016, ABN AMRO Clearing informed its business relations of adding the following new products and exchanges to its clearing portfolio:
New Products
Hungarian Intraday Power Products on HUPX
Wind Power Futures on NASDAQ Commodities
New Exchanges
South Eastern European Power Exchange (SEEPEX) added per 24 February 2016
APX / Belpex (part of EPEX Spot) added per 31 March 2016
If you have any questions about any of the above topics or are interested to start trading one of these products please feel free to contact your Relationship Manager or contact us via
Disclaimer
This document (the "NewsFlash") has been prepared by ABN AMRO Clearing Bank N.V. ("AACB") and is solely intended to provide general information about the subject matter. The information in the NewsFlash is strictly proprietary, unless otherwise stated and is being supplied to you solely for your information. The NewsFlash is informative in nature and does not constitute legal, regulatory or other advice nor does it express any recommendations and may not be used for such purposes. Everyone using this NewsFlash should acquaint themselves with and adhere to the applicable rules, regulations and legislation. No reliance may be placed for any purposes whatsoever on the information, opinions, forecasts and assumptions contained in the Invitation or on its completeness, accuracy or fairness. No representation or warranty, express or implied, is given by or on behalf of AACB, or any of its directors, officers, affiliates or employees as to the accuracy or completeness of the information contained in this document and no liability is accepted for any loss, arising, directly or indirectly, from any use of such information. Nothing contained herein shall form the basis of any contract or commitment whatsoever.