Clearing transactions

Transactions concluded by PolPX Members on the relevant markets are cleared by the Warsaw Commodity Clearing House (WCCH), a subsidiary of PolPX. WCCH performs the functions of an exchange clearing house within the meaning of the Act on Commodity Exchanges since April 2010. WCCH’s risk management system ensures safety of clearing to all Clearing House Members in case of default of a market participant. Clearing of transactions in WCCH is tantamount to a guarantee of payment for sold electricity or gas.

WCCH was approved by the Polish Financial Supervision Authority in 2010 to conduct clearing and settlement of transactions in financial instruments concluded on the regulated exchange and OTC market.

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