Energy & Products newsletter February 2016
- Clearing
The ABN AMRO Clearing Energy Products Newsletter informs you about new products, events and initiatives.
This February newsletter has the following content:
ABN AMRO Clearing is exhibiting at E-World Energy & Water 2016
Wind Power Futures on NASDAQ Commodities
SEEPEX AD added to clearing offering
Intraday market products on Hungarian Power Exchange (HUPX).
ABN AMRO Clearing is exhibiting at E-World Energy & Water 2016
This will be the 8th year that ABN AMRO Clearing will be present with a team of energy clearing specialists and welcomes its business relations and clients to our booth in Hall 1 - stand 227 for a chat and some refreshments!
If you are interested in an appointment and learn which new products and services ABN AMRO Clearing can offer for you, you are invited to give us an email via in order to block some time in our/your agenda during this event. Of course you can contact directly your dedicated relationship manager as well.
Look forward to see you in Essen from 16-18 February!Visit us at E-World 2016 in Essen Germany - Hall 1 - stand 227
Wind Power Futures on NASDAQ Commodities
ABN AMRO Clearing has added Wind Power Futures contracts from NASDAQ Commodities to its clearing portfolio. Nasdaq Commodities has introduced German Wind Index Futures contracts in consultation with the industry, and in response to significant market demand.
The wind index, NAREX-WIDE, is published on . It shows the daily utilization of the installed wind power capacity in Germany. The contracts will be for days, weeks, months quarters and years. The launch of German Wind Index Futures gives wind power producers, utilities, investors and insurers new trading instruments to hedge risks from wind production in the long and short-term perspective. With these wind power futures, Nasdaq opens up a new category of power production related derivatives.
The European Energy Exchange (EEX) is planning as well to introduce Wind Power Futures to its trading platform per Q1-2016 and ABN AMRO Clearing is currently testing the products in their clearing systems.
If you are interested to start trading these products on NASDAQ, do please feel free to contact your Relationship Manager.
SEEPEX AD added to clearing offering
ABN AMRO Clearing will start, per 17th February, to offer clearing and settlement of Serbian Power spot contracts on South Eastern European Power Exchange (SEEPEX). This exchange will be cleared by European Commodity Clearing (ECC), which already clears exchanges such as CEGH, EEX, EPEX Spot, HUPX, Gaspoint Nordic, Powernext, PXE and Norexeco.
SEEPEX is a power exchange/organized market operator established in the form of a partnership between JP EMS and EPEX Spot as a joint stock company. By 17th February 2016, SEEPEX will launch its operations. SEEPEX shall operate a fully regulated market which will match the supply and demand of trading participants through a daily auction. SEEPEX will offer its trading members standardized electricity spot contracts for delivery the next day. Delivery of these day-ahead spot contracts take place within the Serbian transmission system.
Physical Settlement of all transactions concluded at SEEPEX will be provided by ECC’s Luxembourg- based subsidiary - European Commodity Clearing Luxembourg S.à.r.l - to the Serbian transmission system operator Elektromreza Srbije (EMS).
Participation in trading requires an application for recognition as a trading participant in SEEPEX power spot contracts (TP_SEEPEX_01a, TP_SEEPEX_01b) and, if necessary, a current NCM agreement (NCM02) including the “SEEPEX” market or “All Markets”. SEEPEX Trading Participants who have not been registered with ECC so far have to complete the admission process as a Non-Clearing Member including the ECC KYC process.
If you are interested to start trading these products and become active on SEEPEX, do please feel free to contact your Relationship Manager.
Intraday market products on Hungarian Power Exchange (HUPX)
Per end of Quarter 1-2016 (subject to readiness), HUPX will offer Hungarian Intraday Power products, cleared via European Commodity Clearing (ECC). The exact go-live date will be communicated soon to the industry.
Physical Settlement of all power transactions concluded at HUPX will be provided by ECC’s Luxembourg-based subsidiary – European Commodity Clearing Luxembourg S.à.r.l.
Trading limits will be set by the Clearing Member in consultation with the Non Clearing Members.
Trading participants who are already admitted for trading HUPX Power Day-ahead contracts have to confirm their request for participation in trading the new HUPX Power Intraday contracts via a standardized email to which will be forwarded by HUPX to ECC as well. Generally participation in trading requires an application for recognition as a trading participant in HUPX Power Spot contracts (TP_HUPX_01a/TP_HUPX_01b) and, if required, a current NCM agreement (NCM02) including the “HUPX Hungarian Power Exchange” market or “All Markets”. HUPX trading participants who have not been registered with ECC so far have to complete the admission process as a Non-Clearing Member including the ECC KYC process.
ABN AMRO Clearing Bank support these new contracts on HUPX and is able to clear these for its clients.
If you are interested to start trading these products, do please feel free to contact your Relationship Manager.
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.