Invoicing

The transactions made and cleared on the Trading Platform are transactions with physical delivery, thus they are subject to purchase price invoicing. As part of the central invoicing it operates KELER CCP issues all the invoices in the name of the sellers, based on the mandate stated in the applicable invoicing agreement. The purchase price invoice issued includes VAT corresponding to the VAT residence.

Invoices are issued after the monthly preliminary and the monthly closing and then sent to the Clearing Members. Invoices are issued based on the „definite period” principle, for the applicable period.

In addition to the purchase price invoices KELER CCP issues fee invoices to the Clearing Members related to the transactions made on the Trading Platform. The fee invoices are always issued on the day of monthly closing, the fifteenth (15.) day after the month of trading (subject month); the invoiced amounts are collected from the Clearing Member accounts kept by KELER.