The exchange will use the same clearing structure for OTC clearing as already occurs on the regulated EEX futures market. EEX, as central counterparty, guarantees the fulfillment of all transactions on the exchange, and bears the risk of default for the other participants. Respective clearing banks of the trading participants have to put up the necessary collateral at the clearing house. "In the liberalised power market, hedging the risk of default by the counterparty is becoming increasingly important," said Hans Schweickardt, EEX executive board member.
EEX is currently merging with former rival the Leipzig Power Exchange.