EFETnet Products

Learn more about the EFETnet products

The EFET Box is a solution for energy trading market participants that helps reducing operational risk, cost and delays in processing electronic Deal Confirmations (eCM), Position documents (ePM) and Invoices for settlement (eSM). The software implements standardized business processes developed by EFET that automate the exchange and processing of data between Traders, Brokers, Exchanges, Clearing Houses, General Clearing Members and physical energy markets.

Main tasks of the EFET Box:

- Exchange electronic documents with other organisations.
- Match process-specific documents such as trade confirmations, position documents or invoices.
- Provide a user interface to monitor the matching status of the documents.
- Provide means to analyse the matching status.
- Document search and reporting functions.

Releases of the EFET Box:

3.0 – This was the first EFET Box developed in the year 2004. It was used in the daily process of electronic Confirmation Matching (eCM) for EU and UK power and gas deals between counterparties. It is not supported and not used any more.
3.1 – This release supported the broker process in addition to counterparty process of electronic Confirmation Matching. It was released in 2005 but it is not supported an not used any more as of Q4/2008.
3.2 – Compared to release 3.1, it additionally implements support for matching EUA/emissions deal confirmations.
4.0 - The 4.0 Box has a completely different architecture which allows to run different processes in parallel: electronic Confirmation Matching (eCM), electronic Position Matching (ePM), electronic Settlement Matching (eSM) and other new modules. The eCM module of the 4.0 Box supports besides power, gas and emissions also financial deals (options, swaps, indexed prices) and supports new commodities such as oil, coal, freight, metals, agriculturals.