What we do
Management Companies for the Energy Derivatives Section with which CC&G currently has agreements are:
- Borsa Italiana S.p.A, for Financial Instruments traded on the IDEX segment of the IDEM market.
To cover Initial Margins:
Securities (Max 50% from two or more Issuer or 45% from one Issuers)
- Austria, Belgium, Finland, France, Germany, Italy, Ireland, Netherlands, Spain Government Bonds traded on MTS Market with application of limits
- only Euro Central Bank Money through Target 2 Direct Debit (CCP have this power being Ancillary system of Target2);
To cover Default Funds Cash (100%)
- only Euro trough Target 2 Direct Debit.
All CC&G procedures, including the Default Management are aimed to work out the default of a Clearing Member in the seamless and fastest way, taking into account the non-defaulting Participants and the entire market system
In case of default of a participant, market integrity is preserved by a multi tiered financial safeguard system