Objective
The objective of the General Terms and Conditions for Spot Market Products in electric Energy is to ensure and maintain an efficient, properly functioning and regulated Electricity Spot Market. The General Terms and Conditions for Spot Market Products in electric Energy shall apply to the clearing of power exchange transactions of the Vienna Stock Exchange in its function as a general commodity exchange.
The General Terms and Conditions for Spot Market Products in electric Energy contain general provisions and procedures as well as the framework for the organisation of clearing, the clearing procedures, the management of default events as well as the provision and realisation of clearing collateral and contributions to the default fund.
The General Terms and Conditions for Spot Market Products in electric Energy must be accepted by all clearing members as a prerequisite for admission and can be found under downloads.
In addition, the Terms and Conditions of Wiener Börse AG as general commodity exchange, which are closely intertwined with the General Terms and Conditions for Spot Market Products in electric Energy of CCPA, must be observed in this context.
