In 2023, PPC partnered with Systemic to implement a Clearing back-office system for listed energy and commodity transactions in both Greek and international markets (EEX & ICE), as well as OTC derivatives such as Energy Swaps and PPAs. This strategic initiative aimed to modernize PPC’s clearing and settlements operations, ensuring they remain competitive and compliant in a rapidly evolving market.
PPC faced several challenges during this collaboration. Integrating new systems with existing ones and ensuring seamless connectivity with various counterparties, including custodians and trading venues, required careful coordination and technical expertise. Maintaining high data quality was essential for accurate reporting, accounting, and auditing, necessitating rigorous data management practices.
Despite these challenges, the collaboration has delivered significant benefits for PPC. The implementation has resulted in enhanced data accuracy and integrity, providing a solid foundation for reliable financial reporting and regulatory compliance. Comprehensive reporting and data management capabilities have offered PPC unprecedented transparency regarding their transactions, positions, and settlements. Additionally, the flexibility and adaptability of the implemented systems have allowed PPC to effectively meet regulatory obligations and respond to evolving market needs. This strategic upgrade has strengthened PPC’s market compliance and operational resilience, positioning them for sustained success and growth in the energy and commodities markets.
Summarising what PPC has gained:
- Enhanced data accuracy and integrity.
- Comprehensive reporting and data management providing transparency regarding their transactions, positions, and settlements.
- Flexibility and adaptability to cover regulatory obligations and market needs.
