Admission of exchange members
Would you like to register on Centralized market for bilateral contracts? It is necessary to follow the registration procedure steps listed below:
I. SUBMISSION OF A REGISTRATION APPLICATION
You can download a registration application here.Appendices to the registration application:
- Application for participation in a training for operation with the electronic trading system of the power market (Application 1 of the registration application);
- VAT registration certificate;
- Current corporate standing certificate as per applicant’s court registration;
- A declaration that the applicant is not in insolvency, in insolvency procedure or in liquidation procedure;
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Declaration that the applicant will purchase electricity for the purposes of their own consumption (it is filled in only by electricity consumers);
II. PARTICIPATION AGREEMENT AND STANDARD SALE/PURCHASE CONTRACT FOR THE CENTRALIZED MARKET FOR BILATERAL CONTRACTS
After the application and appendices have been received, IBEX shall review them for compliance with the requirements within a period of three days. The registration application shall be deemed approved by the power exchange operator by sending the applicant the participation agreement and standard sale/purchase agreement for the Centralized market for bilateral contracts at the electronic mail, indicated by them in the registration application.
III. COMPLETION OF TRAINING FOR OPERATION WITH THE ELECTRONIC SYSTEM FOR TRADING ON THE CENTRALIZED MARKET FOR BILATERAL CONTRACTS
By receiving the agreement under the previous item, the applicant receives information about the date and time for conducting the training of persons, responsible for trading, authorized by the applicant to trade on their behalf in accordance with the registration application. The trading participant shall pay the training fee in accordance with the Fee tariff of IBEX.
After successful completion of the training, the applicant receives a certificate.
IV. SIGNING THE AGREEMENT UNDER ITEM II
The applicant shall have to fill in and print the agreement under item II in two copies, to sign them and send them to the official address of IBEX.
After signing the agreement under item II on the part of IBEX, one of the copies shall be given to the candidate.
V. PAYMENT OF APPLICABLE FEES AND COLLATERAL
After signing the contracts under Item II, the trading participant shall have to pay all applicable fees and to provide the initial collateral for participation.
VI. YOU CAN ALREADY TRADE ON THE CENTRALIZED MARKET FOR BILATERAL CONTRACTS
After successful completion of the training under item III, signing the agreement under item II and paying in the required security, the trading participant can conduct trading.Important notice:
All required documents shall have to be filled in Bulgarian. The English version is only for your convenience and has no legal force.
