BHF BANK Aktiengesellshaft became seventh clearing bank on Power Exchange Central Europe (PXE). BHF BANK Aktiengesellshaft is ranked among top clearing banks also active on European Energy Exchange (EEX). “I do believe that presence of such respected institution on our market and availability of its professional services will draw attention of new international market participants”, says David Kučera, Secretary General of the Power Exchange Central Europe.
Each trading participant has to execute a contract with the „clearing bank“ which will settle the completed trades on the participant’s behalf. The clearing bank who becomes a settlement participant based on its contractual relationship with Central Securities Depository Prague, assumes a full responsibility for meeting the obligations arising from the settlement of exchange trades of the participant with whom the bank has a contractual relationship on settlement. At the moment, the clearing services are offered by:
- BHF BANK
- Česká spořitelna, a.s.
- Československá obchodní banka, a.s.
- Citibank Europe plc, organizační složka
- Komerční banka, a.s.
- Raiffeisenbank a.s.
- UniCredit Bank Czech Republic, a.s.