NOCC's Solution

NOCC provides access to a variety of credit protected standard and non standard physical transactions.  Basically, NOCC operates as a market neutral "riskless principal" wherein it enters matching positions with different counterparties from forward contract through delivery and settlement for both gas and power. Entities that sign up with NOCC therefore have instantaneous access to many bids and offers submitted by NOCC's network of customers.  As a single counterparty, NOCC consolidates collateral that may otherwise be required in multiple bilateral transactions with different counterparties separately for power and gas and through the delivery cycle.

NOCC's solution thus offers significant collateral 'netting' opportunities as well as transactional simplicity with credit protection.