Energy companies divided on approach to Emir clearing

E.on and RWE resist NFC+ designation, while oil majors sign up

European Commission, Brussels

European rules on clearing for over-the-counter derivatives are provoking various responses from energy firms, with a gulf appearing between large utilities that are reluctant to clear their trades and oil majors, which say they have conceded the necessity of OTC clearing.

Under the European Market Infrastructure Regulation (Emir), non-financial counterparties (NFCs) must clear their entire derivatives portfolio – including any hedges – if they breach a series of thresholds. For OTC commodity

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: