Energy Market

 

Energy Market Non-clearing Member
Definition The Energy Market Non-clearing Member has trading right and is entitled to trade and clear for own account.
Liability The Energy Market Non-clearing Member is liable to KELER CCP for the settlement of all the trades it clears.
Legal relationship The Energy Market Non-clearing Member has direct legal relationship with KELER CCP, thus in case of default by other Energy Market Non-clearing Members it can make use of the guarantee undertaking by KELER CCP.
Capital requirement HUF 75 million, uniformly for all markets.

 

Admission as a Non-Clearing Member
Non-Clearing membership
Admission to KELER CCP
Bank Account Opening
Admission at the Settlement Bank
Contact KELER CCP sales Choose a Settlement Bank
Follow the admission process, complete the KYC Follow the admission process
Collect and provide the admission documents Account opening
Application approval Informing KELER CCP about the settlement bank account opening

 

To become a Non-Clearing Member the following documentation is required:

Non-Clearing membership admission documents
ADMISSION FORMS
"Know Your Customer" (KYC) Questionnaire
• KYC registration form
•Completed KYC questionnaire, which includes the audited report as well as a document presenting the ownership structure
Energy market non-clearing membership service agreement and its attachment No. 1
ECC’s NCM02_Agreement and its appendix NCM02a
Fully completed Basic Information form
Data Registration Form for the Client's authorized representatives, proxies, other representatives
Fully completed and duly signed Beneficial Owner Declaration
FURTHER DOCUMENTS
Excerpt from the Trade Registry, copy, not older than 30 days
A copy of the signature specimen of the representative authorized to sign
A document certifying that non-clearing member has given an authorization to contact KELER CCP (in case of proxy)

Copies of ID cards / Passports of all persons who sign the forms

In case of a Hungarian citizen
• a copy of an identity card and address card
• or a copy of a driver's license and address card
• or a copy of passport and address card

In case of a foreign - non-Hungarian - citizen
• copy of passport
• or copy of identity card (accepted for EU citizens)

Proof of registered tax number
Bank account agreement with a Settlement bank

 

Please contact  or your Key Account Manager at KELER CCP for further details (e.g. number of copies, address to post the documents).

For more information on KELER CCP's General Clearing Member (GCM) service, please check out the video below.

A videó linkje: https://youtu.be/pWK3LRz6ekQ