Energy & Products newsletter June 2017

News item -

The ABN AMRO Clearing Energy Products Newsletter informs you about new products, events and initiatives.

We hereby have the pleasure to publish the ABN AMRO Clearing Energy Products Newsletter for June 2017, in order to inform you about new products, events and initiatives. 

This newsletter has the following content: 

  •    ABN AMRO Clearing becomes Settlement Bank on Nord Pool markets - Elbas, Elspot and N2EX
  •    EEX extends products in German and Austrian market area
  •    Successful launch Client Archive and the Wizard for Client Reporting
  •    Recent products & exchanges added to clearing portfolio

ABN AMRO Clearing becomes Settlement Bank on Nord Pool markets - Elbas, Elspot and N2EX

As part of our ongoing quest to extend our services for clients active in the Global Energy Trading Community, ABN AMRO Clearing Bank (AACB) has become a Settlement Bank on Nord Pool for the markets:
  •   Elbas (EUR)
  •   Elspot (EUR)
  •   N2EX (GBP)
Role of the Settlement Bank
In the role as a settlement Bank, AACB facilitates daily cash settlement on the above mentioned markets. Clients willing to make use of AACB settlement activities can choose their own account setup within AACB administration. Where it is possible for example, to separate settlement activities from collateral market, or to have settlement activities and collateral in one account per market. 

The settlement of trades is done in the same currency as trading has been carried out in. The currencies that are available for settlement of day-ahead trades are EUR, NOK, SEK, DKK for the Nordic, Baltic, German markets and GBP for the UK market. All Intra-Day trades are settled in EUR for the Nordic, Baltic and German markets and GBP for the UK market. All settlements will be performed by using Swift messages.

If you are interested about to use AACB as your settlement bank for settlement offering on the markets Elbas, Elspot and N2EX, do please feel free to contact your Relationship Manager or contact us via energy-clearing@nl.abnamro.com

EEX extends products in German and Austrian market area

EEX extends products in German and Austrian market Area

From 26th June 2017, EEX will start offering new products to its trading platform. The EEX Phelix-AT Futures, these new contracts will be settled against a day-ahead spot price for the Austrian market area, calculated by EPEX Spot.

EEX launches these financially-settled power futures for Austria against the background of a possible split of the German-Austrian price zone. In addition, EEX will further extend the Phelix-DE product suite by adding short-term contracts and introducing Phelix-DE non MTF contracts. 

As from 28 June 2017, EEX Options on Phelix-DE Base Futures for the German market area will be offered.

ABN AMRO Clearing fully supports all these new addings and we will be able to clear these as from launch date. If you are interested to start trading these new products on EEX, do please feel free to contact your Relationship Manager or contact us via energy-clearing@nl.abnamro.com

Successful launch of Client Archive and the Wizard for Client Reporting

In our previous March 2016 newsletter, we informed you about our pilot project on new applications for our clients, to get a better Grip on Data. This pilot project has been very successful and received positive feedback from many clients, which recently implemented the new tools Archive and Wizard.

First tool is an Archive
Having access to a reporting archive, to view previous sent reports is vital for any modern business. The Archive application allows to the daily, monthly and intraday historical data. The intuitive interface gives the possibility to download reports any time. Besides this, there is the opportunity to limit the number of emails. For example: instead of receiving intraday position emails every 15 minutes these can now be downloaded from the Archive when needed. There is 13 months of historic report data in the Archive. 

Second tool is a Wizard
We’ve implemented an Online query tool. This user-friendly Wizard allows to create, save and schedule reports. Reports can include both real-time data and a lookback period of up to 45 days.

Key features: 
  •   Predefined query criteria makes creating reports fast and easy;
  •   Highly intuitive interface;
  •   Scheduled reports can be tailored to provide the data with the frequency needed;
  •   Create reports over multiple days, e.g. month to date transactions;
  •   Export reports in CSV in order to consolidate with the clients systems/reports, saving time and eliminate human error
If you are interested about these two new applications, do please feel free to contact your Relationship Manager or contact us via energy-clearing@nl.abnamro.com

Recent products & exchanges added to clearing portfolio

In 2017, ABN AMRO Clearing informed its business relations of adding the following new products and exchanges to its clearing portfolio: 

New Products 
  •   Client Archive and the Wizard for Client Reporting
  •   30 - minutes power contracts on EPEX Spot
  •   Electricity Certificates on NASDAQ OMX Commodities
  •   Wind Power Futures and Mini Power Futures contracts on MEFFPower

Disclaimer

This document (the "NewsFlash") has been prepared by ABN AMRO Clearing Bank N.V. ("AACB") and is solely intended to provide general information about the subject matter. The information in the NewsFlash is strictly proprietary, unless otherwise stated and is being supplied to you solely for your information. The NewsFlash is informative in nature and does not constitute legal, regulatory or other advice nor does it express any recommendations and may not be used for such purposes. Everyone using this NewsFlash should acquaint themselves with and adhere to the applicable rules, regulations and legislation. No reliance may be placed for any purposes whatsoever on the information, opinions, forecasts and assumptions contained in the Invitation or on its completeness, accuracy or fairness. No representation or warranty, express or implied, is given by or on behalf of AACB, or any of its directors, officers, affiliates or employees as to the accuracy or completeness of the information contained in this document and no liability is accepted for any loss, arising, directly or indirectly, from any use of such information. Nothing contained herein shall form the basis of any contract or commitment whatsoever.

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