Bilaterally traded OTC swaps and futures may be registered as pre-arranged trades through MEFF, and they will be immediately sent to the Clearing House BME Clearing.
Both these instruments are agreements between two parties to buy or sell a specific amount of electricity on a future date at a fixed price.
The difference between futures and swaps is the frequency of the variation margin.
The Clearing House provides a mechanism guaranteeing the successful outcome of the trades to both counterparties. The Exchange specifies standard contract features to facilitate trading and Trade Registration.
If an issue occurs, the message "TRADING" will change to "MARKET ISSUE" to reflect that a market event has occurred. By clicking on the Issue of the published alert it will be possible to access the information and intraday updates associated with this incident, which will be published immediately.
Note: BME will use its discretion to assign the severity of an incident