lexiara

(e)

providing, or ensuring through sub-contracting the provision of, the requisite clearing system or settlement system needed for: the handling of payments made by successful bidders or their successors in title and distribution of the proceeds of the auctions to the auctioneer, pursuant to Articles 44 and 45; delivering the auctioned allowances to successful bidders or their successors in title, pursuant to Articles 46, 47 and 48; managing collateral including any margining, provided by the auctioneer or bidders, pursuant to Articles 49 and 50;

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Source: EUR-Lex (Cellar) · retrieved 2026-10-30 · Text as adopted (Official Journal); later amendments are not incorporated in this text.