Energy & Products newsletter September 2017

News item -

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

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

This newsletter has the following content: 

  •      ABN AMRO Clearing starts clearing of EEX Industrial Wood Pellets Futures
  •      EEX PXE Czech and Hungarian Financial Power Week Futures
  •      ICE-ENDEX adds additional European Financial Power Futures and Options
  •      Recent products & exchanges added to clearing portfolio

ICE-ENDEX adds additional European Financial Power Futures and Options

From 18th September 2017 onwards ICE-ENDEX will start providing additional European Financial Power Futures and Options, for the area Austria (Base and Peak) and Germany (Base). The contracts will be listed under the ICE ENDEX Markets BV rulebook and cleared by ICE Clear Europe.
 
In order to start trading these new products, each participant needs to request clearing limits.
 
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 ICE-ENDEX, do please feel free to contact your Relationship Manager or contact us via energy-clearing@nl.abnamro.com

ABN AMRO Clearing starts clearing of EEX Industrial Wood Pellets Futures

From 19th September 2017, EEX will start offering Industrial Wood Pellets CIF ARA (Argus ®) Futures.
Industrial wood pellets are majorly used for co-firing of coal power plants for power production and heating plants. Additionally co-firing of wood pellets reduces the CO2 emissions from fossil fuels and saves costs for EU Allowances for the plant operator. 
Fulfilment takes place by cash (USD) settlement on the second ECC business day following the last registration day. Tradable products are up to 36 consecutive months, and are in metric tonnes. Eurex trading limits will be set and can be discussed with our Pre-Trade Risk department.
 
ABN AMRO Clearing fully supports this new product and we will be able to clear these as from launch date. If you are interested to start trading Wood Pellets Futures on EEX, do please feel free to contact your Relationship Manager or contact us via energy-clearing@nl.abnamro.com

EEX PXE Czech and Hungarian Financial Power Week Futures

From 21st September 2017 onwards EEX will provide trading for EEX PXE Czech and Hungarian Financial Power Week Futures. All products are settled financially in EUR. Do please note that EEX PXE Week Futures have to be reported according to EMIR Article 9 and according to REMIT Article 8.
 
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

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 
  • Settlement Bank on Nord Pool Markets (Elbas, Elspot and N2EX)
  • Additional products in German and Austrian Market Area on EEX
  • 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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