| Trading capacity on the secondary market |
- First you identify the other market participants you want to trade with and they need to confirm they want to trade with you. You can change your group of trading partners over time.
- Every market participant posts his bids and offers on line to the capsquare platform. There are no constraints as to price setting: you are free to determine at which price you want to sell or buy.
- Bids and offers posted on capsquare are anonymous and are earmarked if they originate from a market participant who does not belong to your group of trading partners.
- Once an offer or bid is accepted, the identity of the trading partners is disclosed to each other so as to enable the settlement.
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- Any capacity offered through capsquare retains its original nature: firm capacity offered remains firm when sold and conditional capacity offered remains conditional when sold.
- For both the GRTgaz market and the Fluxys market, you can use capsquare to register your OTC transactions.
- For the Fluxys market, all secondary capacity trading transactions imply an assignment of all rights and obligations, except for the payment obligation.
- For the GRTgaz market, the short and medium term segments imply a right of use transfer, whereas the long term segments consist of a title transfer.
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| capsquare’s tricks of trade |
- capsquare is directly connected to the gas flow management systems of Fluxys, GRTgaz, Open Grid Europe and GRTgaz Deutschland. All transactions concluded through capsquare are checked and registered by Fluxys, GRTgaz, Open Grid Europe and GRTgaz Deutschland, who adjust your capacity portfolio accordingly. This enables you to swiftly make use of the purchased capacity.
- capsquare opening hours allow maximum flexibility in organizing your trades:
- Fluxys market: 8:00 – 18:00 7 days/7
- GRTgaz market: 8:00 – 18:00 5 days/7
- Bundled Fluxys-GRTgaz market
Monthly Capacity: 8:00 – 18:00 5 days/7
Day Ahead Capacity: 13:00 – 16.30 5 days/7
- Bundled Fluxys-OGE market: 12:00 – 16:00 7 days/7
- Bundled GRTgaz-GRTgaz Deutschland market
Monthly Capacity: 8:00 – 18:00 5 days/7
Day Ahead Capacity: 13:00 – 16.30 5 days/7 |
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- Transaction closing times:
- Fluxys market segments: 18:00 on the day before start of segment
- GRTgaz market segments: 14:00 on the last weekday before start of segment
- Bundled Fluxys-GRTgaz market segment:
Monthly capacity: 18:00 on the 15th of the month before start of segment
Daily capacity: 16:30 on the day before start of segment
- Bundled Fluxys-OGE market segment: 16:00 on the day before start of segment
- Bundled GRTgaz-GRTgaz Deutschland market segment:
Monthly capacity: 18:00 on the 15th of the month before start of segment
Daily capacity: 16:30 on the day before start of segment |
| Buying capacity on the primary market |
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Proven technology |
- Capacity offers on the primary market are posted on capsquare by Fluxys, GRTgaz, OGE and GRTgaz Deurschland for the bundled products of their markets.
- Once you have booked the bundled product between Zeebrugge Hub - PEG North, Zeebrugge Hub - NCG Virtual Trading Point or PEG North - NCG Virtual Trading Point you automatically buy capacity with Fluxys and GRTgaz or Fluxys and Open Grid Europe or GRTgaz and GRTgaz Deutschland.
- Bids are disabled: the capacity is offered at a fixed price based on the regulated tariffs applicable for Fluxys, GRTgaz, Open Grid Europe and GRTgaz Deutschland.
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- capsquare is built on the Trayport GlobalVision technology.
- You can choose between the standard capsquare interface or integrate capsquare with other tools such as Trading Gateway (Trayport) or RORC (Reuters).
- No additional Trayport licence or registration fees are required for using the capsquare interface.
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