Financial Clearing and Settlement on the EXAA Electricity Spot Market

In its function as central counterparty, EXAA guarantees the financial fulfillment of all CO2 trades executed. The settlement of the trades is defined by the special clearing and settlement rules, which are binding for all exchange members. The clearing banking procedures are done by Oesterreichische Kontrollbank. The daily valuation of all open positions ensures that the collaterals deposited by the trading participants are maintained at sufficient levels. Thus, EXAA ensures the financial fulfillment of all trades in any case. EXAA accepts cash deposits, securities and bank guarantees as collateral for trades.