OMIClear Information

As a CCP, OMIClear becomes the buyer counterpart to every seller and the seller counterpart to every buyer (the so called 'novation' process) as from the moment an order is matched or the bilateral trade (OTC) in registered in the connected Market and accepted by OMIClear for clearing and settlement purposes. Currently OMIClear assumes the CCP role for the following connected Markets:OMIP - Pólo Português, S.G.M.R. S.A. - a Regulated Market as defined in article 4 (1) of Directive 2014/65/EU of the European Parliament and of the Council, of 15 May 2014 (MIFID II);Mibgas Derivatives S.A. - an Organised Market, in accordance with article 2 (4) a), of Commission Implementing Regulation (EU) 1348/2014 of 17 December 2014;Mibgas S.A. - an Organized Market, in accordance with article 2 (4) a), of Commission Implementing Regulation (EU) 1348/2014 of 17 December 2014 which was designated by Spain's Law 8/2015 of May 21st amending Law 34/1998 of October 7th, regarding the Hydrocarbons Industry. table_about usLogoOMICLEAR