On Mar. 24, ECC reported pre-trade limit exposure calculation change.
ECC issued circular 12/2025 announcing that EEX will change the exposure calculation for financial pre-trading limits in EEX gas spot markets, effective from May 14, 2025.
Follows Mar. 2025 ECC new Baltic-Finnish markets gas products, see #248056.
Overview
Limit logic will enhance precision by factoring in the payment date for netting financial exposure of buy and sell orders/transactions; clearing, non-clearing members should evaluate potential impacts of this more accurate limit logic on cash limit exposures.
Detail
New limit exposure netting logic for EEX gas spot pre-trading limit; EEX established financial pre-trading limits within the trading system for natural gas spot trading.
Cash limit represents the maximum payment amount resulting from transactions between two ECC booking cuts - 16:00 CET on ECC Business Days.
Clearing members can set the trading limit for their own activities or, with agreement, for the trading activities of connected Non-Clearing Members; EEX at EEC's request, will refine the trading limit methodology to improve exposure management precision.
Effectiveness
Starting on May 14, 2025, the trading system will consider the payment date for each order/transaction and will only net exposures that share the same payment date.
