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European Commodity Clearing AG Augustusplatz 9 04109 Leipzig, Germany http://www.ecc.de
Contact Ms Eileen Hieke +49 341 2156216
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European Commodity Clearing AG

Stability of ECC Processes Proven Yet Again after MF Global Default

ECC Clearing Fund not used

(PresseBox) (Leipzig, )
The stability of the processes and of the risk management of European Commodity Clearing AG (ECC) has been proven yet again in connection with the default of the Clearing Member MF Global UK Ltd.

The London-Based company has been subject to the UK Financial Services Authority's

"Special Administration Regime" since the end of October. Against this backdrop, MF Global UK Ltd. was suspended from clearing and exchange trading on the European Energy Exchange (EEX) on 1 November 2011. On 8 November 2011, the ECC Management Board effected a termination of the clearing agreement for MF Global UK Ltd. upon which vwm bindskdchk wl m Mbkqzmz Lpdpnylr Efllwp kh HGW qazr.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.