... of the European Parliament and of the Council with regard to regulatory technical standards on requirements for central counterparties (RTS), CCPA shall adopt, implement and maintain a Remuneration Policy. The Remuneration Policy is primarily aimed at the staff engaged in risk management,...

... 2018-01-03 Forms Version Termination of the Clearing Agreement pursuant to §18 GTC of CCPA 2019-12-19 Suspension / revocation of suspension / termination of the CSA with an NCM pursuant to §19 GTC of...

... IOSCO Disclosures Version Self-Assessment_CPSS-IOSCO Principles for FMI 2022-12-31 CCPA IOSCO Public Quantitative Disclosure for Q4 2023 2024-02-09

... 2022-05-02 Signature Directory 2021-10-11 Guideline Participant Admission from EXAA and CCPA 2024-04-11 Checklist Onboarding New Member Electricity Clearing 2021-08-16 Priority for...

...Downloads Business Continuity Management CCPA, as an EMIR certified central counterparty, is responsible for the clearing and risk management of all CCP-eligible securities transactions on Vienna Stock Exchange and of all electricity spot market products which were traded on EXAA as well as for assuming and...

... CCPA evaluates the current economic and financial situation of each Clearing Member before and during its participation in the clearing system. The creditworthiness of Clearing Members is assessed on the basis of their annual reports and information made available by them and includes the calculation of...

... Downloads Margin Calculation Methodology Margin Simulation Tool Price Buffers CCPA calculates and collects margins to cover its credit exposures from its Clearing Members. In case of a clearing member’s default on payment, CCPA, as a central counterparty to each trade has the obligation to pay the...

... Downloads Public Information on Default Fund Calculation To limit its credit exposures arising from clearing of electricity spot market products, CCPA will maintain a pre-funded Default Fund to cover losses that exceed the losses covered by the margin requirements in case of a Clearing Member’s default,...

... Parties of the Clearing Members within the scope of physical settlement on the other hand. Each Clearing Member shall immediately notify CCPA of any changes or a termination of the Balancing Group Contracts on which the Electricity Exchange Transactions are based. List of all Energy...

... part in trading of spot market products for electric energy on the Vienna Stock Exchange as a general commodity exchange shall be Clearing Members at CCPA. In its role as the central counterparty, CCPA positions itself between the seller and the buyer and takes on the counterparty risk. As a consequence,...

... Further Links EXAA Services of CCP Austria CCPA as a Central Counterparty is responsible for the clearing and risk management of all day-ahead electricity spot market transactions executed on the energy exchange platform of EXAA Abwicklungsstelle für Energieprodukte AG. EXAA has been commissioned by Wiener Börse...

... Interest Current Announcement of Buy-Ins Clearing is performed fully electronically through the state-of-the-art real-time clearing system of CCPA. After the closed auction, the trades are netted according to CCPA’s netting rules. This minimizes the number of individual transactions as well as the...

... taxes, and the safekeeping of clearing collateral shall be done by the Clearing Facilities (Settlement Bank and Collateral Custodian) on behalf of CCPA. Therefore, the Clearing Facilities shall be responsible for the timely booking of payments provided the cover is sufficient on the delivering and...

... In our online training "Electricity Spot Market Clearing by CCP Austria" we will inform you about clearing and risk management and the related requirements and procedures at EXAA. Each clearing member of CCP Austria is required to have appropriately trained staff and subsequently at least one employee has to...

... 63 Electricity Direct Clearing Members (ECM) 100 Clearing Members (excl. CA, NCM) Last change: 2024-04-02 Clearing Participants of CCPA Company Country Type Å Energi Vannkraft AS NO ECM ABN AMRO Clearing Bank N.V. NL GCM ...

... 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. Overview Download General Terms and Conditions for Spot Market Products in electric Energy

...Financial Settlement For electricity spot market transactions, CCPA creates payment instructions for each trade which are sent to the payment system (SAP) for settlement at the individual settlement banks and financial institutes of each Clearing Member. For this purpose, payment instructions are created in the...

... in the control area as a timetable within the meaning of the law, it is necessary to view the entry or withdrawal point as virtual network points. CCPA is responsible for the creation and transmission of internal and external schedules to the balance group coordinator (BKO) or transmission system...

... CCPA evaluates the current economic and financial situation of each participating Clearing Member before and after joining the clearing system. The credit quality of Clearing Members is assessed on the basis of the annual reports and information made available by them, and includes the calculation of classical...

... (Interest rates and exchange rates) Stock Exchange Members, who take part as participating Clearing Members in the clearing system of CCPA, must deposit collateral with OeKB as the clearing bank for securing the clearing risk. The collateral requirements are calculated on the basis of the...

...Clearing Structure Membership applicants for the clearing system must prove to CCPA that at the time they obtain membership they meet all requirements of these General Terms and Conditions of Business (especially § 14) as well as all provisions of the law and EMIR, and that they have the required technical...

... Participation can be found in the Checklist for Participant Link, available in the Download Area below. Contact Form CCPA Checklist Participant Link Links Clearing Agreements When examining the requirements for participation in the clearing of trades, the exchange...

...Data Protection Information After submitting the complaint form or complaint e-mail, the personal data entered by you will be processed by CCPA as controller for the purpose of processing your complaint on the basis of your consent given by submitting the form or e-mail. There is no legal or contractual obligation to...

... On August 2, 2004, CCP Austria Abwicklungsstelle für Börsengeschäfte GmbH, in short CCP Austria or CCPA, was founded by Wiener Börse AG and Oesterreichische Kontrollbank Aktiengesellschaft and started its operational activities on January 31, 2005. Both owners hold a 50% stake of the company.  By decision...

...Downloads Internal Business Rules of the Risk Committee CCPA sets up a Risk Committee in accordance with article 28 of the Regulation (EU) 648/2012 (EMIR). The Risk Committee deals with EMIR matters and advises the Supervisory Board and the Management Board on issues of risk management. The Risk Committee is...

... CCP Austria Abwicklungsstelle für Börsengeschäfte GmbH Strauchgasse 1-3, 1010 Vienna, Austria Back Office +43 1 5332244 2887 accounting@ccpa.at Electricity Clearing +43 1 5332244 2055 energy@ccpa.at Securities Clearing +43 1 5332244 2044 office@ccpa.at

... us! Even so, things can go wrong and you might want to raise a complaint, because you are dissatisfied with the behavior or actions of one of our CCPA Team members. In this case, please do not hesitate to let us know. Note: The complaints process is not intended to be used for incident reporting....

...Further Links non-CCP-eligible securities Services of CCP Austria CCP Austria clears all those transactions that were concluded by trading with CCP-eligible securities at the Wiener Börse AG, the Vienna Stock Exchange facility. As a center party to a contract, we are located between buyer and seller, assuming the...

... Objective The objective of the General Terms and Conditions of CCP Austria is to ensure and maintain an efficient, orderly functioning and regulated financial market.  The GTC apply to the clearing of exchange transactions and to transactions concluded on the “Vienna MTF“ of the Vienna Stock Exchange....

... Buy-Ins Login Clearing System BCS Clearing is performed fully electronically through the state-of-the-art real-time clearing system of CCPA. All trades within the same ISIN, account category (agent or principal) and trading day are netted. Thus, only netted balances are settled. This process...

...ive Announcements 2023 During the extension period, the defaulting clearing member has the option of either covering the shortfall itself or instructing CCPA to perform a buy-in. The request should be made as early as possible and in writing by email to office@ccpa.at. CCPA will contact potential sellers...

... and the safekeeping of clearing collateral shall be done by the Clearing Facilities (Settlement Bank, CSD and Collateral Custodian) on behalf of CCPA. Therefore, the Clearing Facilities are responsible for the timely book entry of the securities and payments provided the cover is sufficient on the...

... Schedule of Fees of CCPA was developed with the purpose to ensure simplicity and transparency. Overview Downloads CCPA Schedule of Fees

... Member is obligated to deposit the clearing collateral and, in addition, to contribute the specified amount to the default fund maintained by CCPA. The Default Fund contribution is calculated based on a minimum amount and a dynamic component. The minimum contribution amounts to GCMs EUR...

...loads Procedure in the Event of Member Default Default Waterfall In the event of a default, pursuant to § 34 General Terms and Conditions of Business of CCP Austria, CCPA has the right to carry out the realization of the clearing collateral including the cash balances and the acceptance balances as well as the...

... CCPA offers periodically Clearing Trainings in German or English. Content General Information General Information on CCPA Organisation of Clearing and Settlement Participation Requirements Risk Management Overview Default Clearing Process Clearing Cycle End of Trading...

...General Information Where can I obtain general information on Membership? Information on the membership requirements of CCP Austria may be found in the download area (Documents for New Members). Further questions may be requested by phone at +43 1 533 22 44 - 2887 or by email: Office@ccpa.at Which Agreements...

... Complaint Process More information can be found under the following link: Thank you! We will process your request as soon as possible. Your CCPA

... CCPA IOSCO Public Quantitative Disclosure 2023 2022 2021 2020 2019 2018 2017 2016 Self-Assessment_CPSS-IOSCO Principles for FMI (published on 31/12/2022)

... CCPA defines guidelines and objectives in order to ensure a clear organizational structure and direct reporting lines in these Governance Regulations. The CRO reports to the Risk Committee on all risk management matters. The CCO reports to the Managing Directors and the Supervisory Board on all...

...Further Links European Association of CCP Clearing Houses (EMIR) CCPs as an opportunity to develop capital markets Central Counterparties (CCPs) and regulatory requirements are a broadly discussed topic in the financial world. Following the global financial crisis in 2008 and 2009, CCPs have increasingly become a...

... Further Links Cookie Policy of CCP Austria CCPA takes the protection of your personal data very seriously and considers it in all business processes. We process your personal data in accordance with the statutory data protection regulations. Please note that CCPA’s website may contain links to other companies'...

... A material change in CCPA’s GTC is discussed in detail beforehand in the regular meetings of the Management Board. If the material change relates to the area of responsibility of the Supervisory Board of CCPA (e.g. objectives and strategies or the risk management), the latter has to be consulted and needs to make a...

... Downloads Collateral Policy The clearing members are obliged to provide CCPA with collateral in order to cover their margin requirements as well as their contributions to the default fund. Collateral Policy CCPA will define a Collateral Policy for the electricity spot market which specifies the...

... of its power exchange transactions by participating in the clearing as a clearing member and must at all times have a valid clearing agreement with CCPA, which in turn is obligated to clear the power exchange transactions in whose trading the exchange member participates. Consequently, it is necessary...

... trading services in Germany on 28 May 2019 in accordance with Article 4 (5) of the CACM Regulation.  Performing the tasks delegated to CCPA as the central counterparty by the NEMO, CCPA furthermore ensures in accordance with Article 68 para. 5 CACMR for each market timeframe in the...

...Further Links List of all final systems (ESMA) CCPA is a designated payment system in accordance with Article 10 of the EU Finality Directive (Directive 98/26/EC on Settlement Finality), according to which all payments are final: Official Statement of OeNB The EU Finality Directive, adopted in May 1998,...

...Downloads Collateral Policy The Collateral Policy defines the requirements, which collaterals Clearing Participants need to fulfill at CCPA in order to cover their clearing risks. Accepted Collaterals Cash in EUR Bonds, which meet the following conditions: ECB single-list bond associated with...

...Downloads Code of Conduct (November 2022) European Code of Conduct for Clearing and Settlement Further Links European Association of CCP Clearing Houses (EACH) It is one of the corporate principles of CCP Austria to harmonize our clearing activities with the highest standards of...

...loads Regulation (EU) No. 648/2012 Further Links Austrian Financial Market Authority (FMA) Oesterreichische Nationalbank (OeNB) European Association of CCP Clearing Houses (EMIR) The Regulation (EU) No. 648/2012 of the European Parliament and of the Council of July 4, 2012 on OTC Derivatives, Central...

... Members and Clearing Clients Before taking up clearing activities, every Clearing Member must enter into a Clearing Agreement with CCP Austria. Clearing Clients participate indirectly in the settlement and have basically no intrinsic contractual relationship with CCP Austria. They use...

... Management (m/w/d) Application If you would like to become part of our team, please send us an application via e-mail to: wolfgang.aubrunner@ccpa.at and kalina.jarova-mueller@ccpa.at.

... CCP Austria Abwicklungsstelle für Börsengeschäfte GmbH Strauchgasse 1-3 1010 Vienna Austria Telephone +43 1 5332244 E-Mail office@ccpa.at Details Foundation: 2. August 2004 Companies Register Number: FN 251990 z Competent Court of Companies Registry: Commercial Court of Vienna VAT Number:...

...Settlement Period The exchange transactions in CCP-eligible securities are to be settled on the second settlement day after the day of the business transaction (scheduled settlement day is T+2). The settlement period comprises a period of two days between the trade date (T) and the scheduled settlement date (S). ...