Gas Market

Gas Market Clearing Member
Definition The Gas Market Clearing Member has trading right, it is entitled to trade and clear trades for own account.
Clearing membership in the Trading Platform is the condition of CEEGEX market clearing membership.
Liability The Gas Market Clearing Member is liable to KELER CCP for the settlement of all the transactions it clears.
Legal relationship The Gas Market Clearing Member has direct legal relationship with KELER CCP, thus in case of default by other Clearing Members it can make use of the guarantee undertaking by KELER CCP.
Capital requirement

HUF 75 million, uniformly on all markets.

 

Admission as a Clearing Member
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 Clearing Member the following documentation is required:

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
Gas market clearing membership agreement
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 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
• 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).