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The clearing of transactions on the Day Ahead and Intraday Markets, the clearing of positions on the Balancing Market, and the clearing of transactions on HEnEx's Natural Gas Trading Platform are carried out between EnExClear and its Clearing Members in accordance with the terms of EnExClear's Clearing Regulations.

There are two types of Clearing Members:

Direct Clearing Members (DCMs): Market Participants who may clear only their own transactions and positions.

General Clearing Members (GMMs): Financial institutions that undertake the clearing of transactions and positions for other participants.

The list of EnExClear Clearing Members is available here.

If you are interested in becoming a Clearing Member in EnExClear, please contact sales.team@enexgroup.gr for information regarding the terms of participation.


Admission Process

 

Companies wishing to acquire the capacity of Direct Clearing Member or General Clearing Member for each market (DAM-IDM, Balancing, Natural Gas Trading Platform) must follow the procedure outlined in the following presentation:

EnExClear Membership_Onboarding Process

Learn more about the membership acquisition process and other clearing membership issues in EnExClear Decision 1, available here.

 

Registration

Fill-in the Candidate Membership, Joint Statement and KYC forms.

Form TITLE mandatory file

F1-1

Candidate Membership Form

Yes

F1-2

KYC Form

Yes

 

Clearers Certification

Certify your Energy Clearers.

For the certification of the professional competence of employees and officers, EnExClear issues the Energy Clearer Certificate (ECC).

Each Clearing Member must appoint at least one (1) Certified Clearer for the clearing of transactions/positions it undertakes, or more than one (1) depending on its activities.

Apply for the Energy Clearer Certificate "ECC" and participate in the relevant Training Program.

 

Form TITLE mandatory file

CL2-1

Application for the Energy Clearer Certificate

Yes

Detailed information on the professional competence of Clearing Members, can be found in Decision 2 of EnExClear.

 

Activation

To be activated as a Clearing Member*, you must first deposit the initial contribution to the Default Fund corresponding to the requested capacity, as well as any applicable registration fees and annual subscription fees.

Details of the applicable Clearing Membership Fees can be found here.

Submit all relevant information about the individuals representing your company, and request the creation of users in EnExClear’s clearing systems (only for certified clearers) by submitting the following forms.

Form TITLE mandatory file

F1-3

Membership Activation  Form

Yes

F1-4

Participant's Members Profile Form Yes

CL1-1

EMCS Users Form Yes

CL1-2

Application for Clearing Account

Yes

CL1-3

Right of Use (DAM-IDM)

Yes

CL1-4

Right of Use (Balancing)

Yes
CL1-5 Right of Use (Natural Gas) Yes

Submit the forms with the details of the Cash Settlement Accounts at the Cash Settlement Agents.

Form TITLE mandatory file

CL5_2

Joint Declaration of Settlement Bank & CM (DAM-IDM)

Yes

CL10_2

Joint Declaration of Settlement Bank & CM (Balancing)

Yes
CL15_2 Joint Declaration of Settlement Bank & CM (Natural Gas) Yes

* If the application relates to HEnEx Markets or HEnEx’s Natural Gas Trading Platform, a certificate by HEnEx for the registration of the Candidate Clearing Member as Participant in HEnEx Markets.

* If the application relates to Balancing Market, a certificate by the HETS Operator or other relative document which certifies the registration of the Candidate Clearing Member as Participant in Balancing Market.