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New Membership

Admission Process
Registration Agent
  • Role Description:

Participant with access to a trading platform connected with OMIClear (eg. Trading Member of OMIP), being capable to register trades in OMIClear for its clearing and settlement.

 

  • Eligible Entities:

Legal person authorized to operate in OMIClear’s Service on Power Derivatives Contracts and /or the Service on Natural Gas Derivatives Contracts.

 

  • Required Information:

To assume the role of Registration Agent (RAg) the applicant shall provide the following information to OMIClear:

 

 

  • Membership roadmap:

Direct Clearing Member
  • Role Description:

Buying or selling counterparty of every position that is registered in OMIClear on own account and/or entities in a control or company group relationship.

 

  • Minimum Capital and Risk  Requisites:

Please see OMIClear’s Instruction B02/2014 - Requirements for Clearing Members (OMIClear’s Instructions are available for download here).

 

  • Eligible Entities:

- Qualified investors, as defined in paragraph (1)(a) to (h) of Article 30 of the Portuguese Securities Code;

- Entities of the Energy Sector.

 

  • Required Information:

To assume the role of Direct Clearing Member (DCM) the applicant shall provide the following information to OMIClear:

 

 

  • Membership roadmap:

General Clearing Member
  • Role Description:

Buying or selling counterparty of every position that is registered in OMIClear on own account and/or third party account.

 

  • Minimum Capital and Risk  Requisites:

Please see OMIClear’s Instruction B02/2014 - Requirements for Clearing Members (OMIClear’s Instructions are available for download here).

 

  • Eligible Entities:

- Credit institutions;

- Financial intermediaries.

 

  • Required Information:

To assume the role of General Clearing Member (GCM) the applicant shall provide the following information to OMIClear:

 

 

  • Membership roadmap:

Financial Settlement Agent
  • Role Description:

Cash settlements of the positions registered in OMIClear on own account or on behalf of Clearing Members with which it has signed a financial settlement agreement.

 

  • Eligible Entities:

Credit institutions  that participate in the TARGET2 Settlement System as Direct Participants, Indirect Participants or BIC Addressees.

 

  • Required Information:

To assume the role of Financial Settlement Agent (FSAg) the applicant shall provide the following information to OMIClear:

 

 

  • Membership roadmap:

Power Physical Settlement Agent
  • Role Description:

Physical delivery (assuming buy/sell orders at OMIE spot market) for own account or on behalf of clients holding physical power  registration accounts with which it has signed a power physical settlement agreement.

 

  • Eligible Entities:

- ‘Market Agents’ on the power spot market managed by OMIE;

- Entities holding power physical settlement accounts at OMIClear that are univocally associated with ‘UCPs – Unidades de Contratación a Plazo’ at OMIE, according with the specific rules of this spot market.

 

  • Required Information:

To assume the role of Power Physical Settlement Agent (PSAg) the applicant shall provide the following information to OMIClear:

 

 

  • Membership roadmap:

Natural Gas Physical Settlement Agent
  • Role Description:

Perform the physical delivery (assuming buy/sell ‘title of transfers’ at the PVB-ES Spanish virtual trading point) for own account or on behalf of clients holding physical natural gas registration accounts with which it has signed a natural gas physical settlement agreement.

 

  • Eligible Entities:

- Network Users (‘Sujeitos Habilitados’) at Enagás GTS;

- Entities holding natural gas physical settlement accounts at OMIClear that are associated with a network account (‘cartera de balance’) at the PVB-ES, according to the Spanish regulation.

 

  • Required Information:

To assume the role of Natural Gas Physical Settlement Agent (PSAg) the applicant shall provide the following information to OMIClear:

 

 

  • Membership roadmap:

  • OMIClear’s Membership Support

- The Marketing Department of OMIClear provides close support throughout the membership process.

-The complete set of forms and other useful information applicable to each type of membership is provided by the Marketing Department to the applicant.

- Marketing Department contacts are available here.

  • Forms

Membership forms are available here.

  • Fees

The Admission and Maintenance Fees regarding each membership are published in OMIClear’s Price List.