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ECC to allow EU carbon permits as margin collateral

2013-11-26 12:01:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Germany-based clearing house European Commodity Clearing (ECC) will allow EU emission permits to be used as collateral for margin payments from December 2, it said, in a move that could boost liquidity on its partner exchange, EEX. "Until the emission allowances are used as compliance instruments, our customers can make use of their stock of EU Allowances (EUAs) to reduce the capital commitment through other forms of collateral," said Thomas Siegl, ECC's chief risk officer, in an emailed statement...

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