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European Energy Exchange AG Augustusplatz 9 04109 Leipzig, Germany http://www.eex.com/de/
Contact Ms Katrin Berken +49 341 2156202
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European Energy Exchange AG

ECC provides natural gas clearing for Powernext

(PresseBox) (Leipzig, )
European Commodity Clearing AG (ECC) will assume clearing and settlement of the natural gas trades concluded on the French Powernext SA. Today, Powernext announced the launch of French spot and derivatives trading in natural gas for 26 November 2008.

Currently, European Commodity Clearing AG provides clearing for all transactions concluded on the European Energy Exchange (EEX) and the Dutch derivatives exchange ENDEX European Energy Derivatives Exchange. This comprises clearing as well as physical and financial settlement of power, natural gas, CO2 emission allowances and coal. In 2007, the ECC settlement volume amounted to a total of approx. EUR 130 bil-lion.

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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.