Financial Settlement at the EXAA CO2 market

In its function as a central counterparty, EXAA guarantees the financial fulfillment of the CO2 trades executed. The settlement of the trades is defined by special clearing and settlement rules that are binding for all exchange members. As a clearing agent, EXAA organises and supervises the timely fulfillment of all trades and the proper depositing of collateral by the trading participants. EXAA accepts cash deposits, securities and bank guarantees as collateral for trades. Oesterreichische Kontrollbank is responsible for the banking procedures relating to clearing.