OMIClear is part of a group of companies that includes a power derivatives exchange and a power spot exchange. The OMI Group has also been a fundamental actor in the development of the Iberian natural gas market. In the strategy of incorporating synergies, some possibilities exist in the context of potential integration of clearing activities performed in the power and natural gas market, therefore contributing to the maintenance of OMIClear as a key player in the clearing and settlement industry.
OMIClear has a share capital of 7,5 million Euros , which complies with the minimum amount established by Article 16 of EMIR. This amount far exceeds the amount required to bear the risks when evaluated against the criteria set in the RTS 152/2013. OMIClear’s capital is monitored on a monthly basis with the financial statements being analysed by the Board of Directors and key indicator reported to the Portuguese securities market commission (CMVM), also on a monthly basis.
Quantitative Disclosure (CPMI-IOSCO)
The CPMI-IOSCO Principles for financial market infrastructures (PFMI) states that these financial market infrastructures (FMIs) should provide relevant information to participants, relevant authorities and the broader public. Quantitative data are important components of the set of public disclosures that is expected of FMIs as part of satisfying the PFMI.
Following Principle 23 of CPMI-IOSCO, in the beginning of 2016 OMIClear started to disclose the “basic data” on transaction volumes and values and common minimum set of quantitative information on the financial condition, financial resources and performance of the CCP.