KELER CCP plays a central role in the Hungarian natural gas market infrastructure, clearing balancing transactions as well as trades executed on gas exchanges and trading platforms. Accessing these services requires cooperation with several counterparties, and the full process is outlined below.

 

Steps of the Clearing Membership Process

Download: Natural Gas Market Onboarding Flowchart (PDF) (link)

Main steps of the process:

  1. Contact KELER CCP
  2. Receive information about documentation and participation requirements
  3. Conclude the system user agreement with FGSZ and initiate related coordination
  4. Select a settlement bank and open the necessary accounts
  5. Compile and submit documentation based on the checklist and official forms
  6. Undergo client due diligence and receive CEO-level decision
  7. Sign the membership agreement and fulfil collateral obligations
  8. Clearing rights are granted; relevant counterparties are notified

FOLYAMATÁBRA beillesztve

 

Checklist and Documentation

The required documents and the formal submission requirements are summarised in a downloadable checklist. The checklist includes:

  • document types to be submitted,
  • formal and content-related specifications,
  • number of required copies and submission methods,
  • and links to the related forms.

Download: Natural Gas Market Onboarding Checklist (PDF) (link)

Rules and Participation Requirements

The detailed rules for joining the natural gas market are defined in KELER CCP’s General Business Rules (link). The following sections are particularly relevant for the establishment of clearing membership:

  • Chapter VIII – Special provisions on natural gas market transactions
  • Section 8.2 – Participation criteria and document requirements
  • Sections 8.12–8.15 – Technical performance, default management, and invoicing rules

Please note: margin requirements are subject to market risk and may vary. For up-to-date information, please contact the KELER CCP Client Relations team.

Condition lists (link)
Fee Schedules (link)

 

Important Information

  • The admission and onboarding processes of FGSZ Ltd., settlement banks, and trading venues (e.g. CEEGEX Ltd., HUDEX Ltd.) operate independently from KELER CCP and must be completed prior to the KELER CCP client due diligence phase.
  • In order to activate clearing rights, all conditions (e.g. provision of collateral) must be fulfilled within 30 calendar days after the membership agreement is signed.

 

Contact

If you are interested in natural gas market clearing membership, please contact our Client Relations team:

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