The standard is set

Continuing last month’s focus on documentation under which commoditiesare traded on the UK’s National Balancing Point and Belgium’s ZeebruggeHub, using Isda’s European Gas Annex. By Agnes Bizet and Kevin Wulwik

Last month we began to highlight the need to reassess the documentation uponwhich physical commodities are traded in the National Balancing Point (NBP) hubin the UK and the Zeebrugge Hub in Belgium. Isda’s European Gas Annex achievesthis, allowing traders to put both physical and financial portfolios under onestandardised platform.

In this section, we begin by contrasting the individual