From January 1, 2025, the UEEX transfers the clearing component to the Ukrainian Clearing House LLC
Starting from January 1, 2025, the Ukrainian Energy Exchange will transfer clearing services to its subsidiary, Ukrainian Clearing House LLC (EDRPOU code 45539058, hereinafter referred to as UCH LLC). The company received a license to carry out clearing activities for the determination of liabilities in accordance with the Resolution of the National Securities and Stock Market Commission No. 34/21/1512/K01 dated 04.12.2024. UCH LLC will provide clearing services for exchange transactions. This solution allows the Exchange to focus on strategic development by implementing modern tools and providing quality service.
UCH LLC offers transparent conditions for bidders. The cost of clearing remains minimal: a symbolic subscription fee of UAH 100 per year will cover an unlimited number of commodity transactions.
To conclude a clearing agreement, it is necessary to:
- Fill out the Application for Accession to the Agreement available here, sign it by an authorized person, and affix a seal (if any).
- Upload a scanned copy of the application in the section «For existing clients» by selecting document type “Accession to the Clearing Agreement”.
- Send the original after confirming the electronic version.
Important! Ukrainian legislation provides that a participant in exchange trading on organized commodity markets must have the status of a clearing participant: on a commodity exchange that holds a relevant license or in a clearing institution that holds a relevant license. That is, starting from January 1, 2025, the bidder must have a valid clearing agreement with UCH LLC.
“We are making every effort to make this transition invisible and comfortable for our clients. Thanks to the high-quality integration of the trading system and clearing functionality, market participants will receive all services through a convenient “single window”. The introduction of the newest clearing model will further increase the reliability and efficiency of exchange trading,” CEO of UEXX Oleksandr Kovalenko emphasized.