ICE

ICE Endex uses pre-determined levels of financial requirements established by the clearing house for those Members who are clearing members.

Therefore, in accordance with the financial requirements set by ICE Clear Europe:

  • Clearing General Participants will have a minimum net capital requirement of $20million.
  • Clearing Trade Participants will have a minimum net capital requirement of $20million.
  • Non-clearing Trade Participants, General Participants will not have a minimum net capital requirement.
  • Participants must comply with the financial resource requirements at all times.

Member and Authorisation Requirements

The following parties may be admitted as a Member:

  • Investment firms within the meaning of article 1:1 of the Dutch Act on Financial Supervision (AFS) who hold a licence pursuant to article 2:96 AFS;
  • Financial institutions within the meaning of article 1:1 AFS who hold a licence pursuant to article 2:11 AFS, but only if this licence allows them to also perform investment services and investment activities;
  • Investment firms and financial institutions who have their statutory seat in a state that belongs to the European Economic Zone and who hold the equivalent of a licence mentioned under a or b respectively from the equivalent regulatory competent authority of their home country, provided that the financial institution in question is duly notified to the Dutch Central Bank or in case of an invest firm that such investment firm is duly notified to the AFM, pursuant to section 2:98 of the AFS;
  • Investment firms and financial institutions that are exempted from having a license to perform investment services and investment activities pursuant to article 10 of the exemption regulation AFS;
  • Other legal entities who – to the satisfaction of ICE Endex – have proved to be professionally active in trading power, natural gas, biomass and/or (financial) products related thereto.