The clearing of Transactions on Day Ahead and Intraday Markets and the clearing of Positions on the Balancing Market, is carried out between EnExClear and its Clearing Members.
There are two types of Clearing Members
Direct Clearing Members, are Market Participants who may clear only their own transactions and positions.
General Clearing Members, are Financial Institutions who undertake the clearing of transactions and positions of other participants.
Have a look the list of EnExClear Clearing Members.
EnExClear sets specific financial, organizational, operational and technical requirements for Direct and General Clearing Members .
Details on the above requirements can be found at EnExClear Rulebooks and Decisions.
Process for acquiring the capacity of Clearing Member
To acquire the capacity of Direct Clearing Member or General Clearing Member for each Market (DAM-IDM / Balancing), the candidates follow a three-stage procedure:
1st Stage: Submission & approval of the "Application for Acquiring the Capacity of Clearing Member".
2nd Stage: Preparation for activation of the Clearing Member.
3rd Stage: Activation of the Clearing Member.
Details about the admission process are presented in Decision 1 of EnExClear.
Fill-in the Candidate Membership and KYC forms and submit your application to the Members' Support Department.
Clearing Members applicable fees can be found here.
Become a Certified User.
For the purpose of certification of the professional competence of employees and officers, EnExClear issues the Energy Clearer Certificate "ECC".
The ECC relates to the performance of duties of a Certified Energy Clearer at a Clearing Member of EnExClear both for the Clearing of Transactions on the Day Ahead and Intraday Markets of HEnEx and the Clearing of Positions on the Balancing Market of the HETS Operator.
Each Clearing Member must have appointed at least one (1) Certified Clearer for the Clearing of Transactions / Positions it undertakes. In every case, the Clearing Member must have an adequate number of Certified Clearers, depending on its activity.
Apply for the Energy Clearer Certificate "ECC".
Detailed information the Professional competence of Clearing Members, can be found here.
Connection to the EnExClear Clearing System. 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 kind of registration fees, annual subscription fees, charges for connecting to the systems of EnExClear.
Activate the Clearing Account.
Submit all relevant information to activate Users in the Clearing System.
If the application relates to HEnEx Markets, 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.
Follow the on-boarding process and contact the Member Support Department for any questions.
EnEx Member Support Dpt.
E-mail : EnEx-Member-Support@enexgroup.gr
Tel : (+30) 210 33 66 845, (+30) 210 33 66 952
Fax : (+30) 210 33 66 951