Energy Derivatives

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.

Collateral

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

Cash (50%)

  • 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.

Default management

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

Default management