Cyprus Securities Exchange To Initiate Monetary Settlement For Electricity Market Transactions

by THEFUTURE.TEAM

October 8, 2025

Overview

Effective October 2, 2025, the Cyprus Securities Exchange (CSX) will commence the monetary settlement of transactions arising from clearings in the Competitive Electricity Market via the Target system. This strategic move marks a significant step forward in the integration of energy and financial markets in Cyprus.

Strategic Partnerships and Technological Advancements

In a formal announcement, CSX detailed its role as the designated settlement entity for the Cyprus Transfer System Operator (TSO). Under a structured agreement, CSX will manage monetary settlement services as well as risk management for transactions generated in the market. The exchange has collaborated closely with the TSO and other key market participants to implement the necessary legal and technical modifications across its settlement and risk management systems.

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Guarantee Collection and Market Preparedness

Reflecting its commitment to operational excellence, CSX has already computed and collected the mandatory guarantees from market participants, effective from September 30, 2025, thereby securing a sound operational foundation prior to the market launch. This proactive measure underscores a broader effort to fortify the market and instill investor confidence in its infrastructure.

Proven Track Record in the Energy Sector

For several years, CSX has played an integral role in the energy sector. Notably, it facilitates transactions for the Republic of Cyprus as the auctioneer for Greenhouse Gas Emission Rights and supports the trading of specially structured green bonds. Moreover, CSX holds a 10% stake in the Athens Stock Exchange’s Energy Group, further solidifying its influential presence in the regional energy markets.

Conclusion

The successful preparation and implementation of these initiatives are a testament to CSX’s forward-thinking approach and robust collaboration with industry stakeholders. This development is poised to enhance market efficiency and pave the way for future innovations at the intersection of energy and finance.

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Central Bank Of Cyprus Balance Sheet Reflects Strong Eurosystem Position

by THEFUTURE.TEAM

February 17, 2026

Overview Of Financial Stability

The Central Bank of Cyprus (CBC) has released its latest balance sheet, reaffirming its steadfast role within the Eurosystem. The balance sheet, featuring total assets and liabilities of €29.545 billion, underscores the institution’s stable financial posture at the close of January 2026.

Asset Allocation And Strategic Holdings

Governor Christodoulos Patsalides issued the balance sheet, which details the CBC’s asset composition under the Eurosystem framework. Notably, the bank’s gold and gold receivables amounted to €1.635 billion, providing a significant hedge and stability to its balance sheet. Additional asset categories include claims on non-euro area residents denominated in foreign currency at €1.099 billion, while claims on euro area residents in both foreign and domestic currency add further depth to its portfolio.

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The most substantial asset category, intra-Eurosystem claims, reached €19.438 billion, an indication of the CBC’s deep integration with its European counterparts. Furthermore, euro-denominated securities held by euro area residents contributed €6.587 billion. Despite a marked emphasis on these areas, lending to euro area credit institutions in monetary policy operations recorded no activity during the period.

Liability Structure And Monetary Policy Implications

On the liabilities side, banknotes in circulation contributed €3.218 billion. Liabilities to euro area credit institutions associated with monetary policy operations were notably the largest single category, totaling €17.636 billion. Supplementary liabilities included those to other euro area residents, which aggregated to €4.989 billion, with government liabilities playing a predominant role at €4.754 billion.

Other liability items, such as claims related to special drawing rights allocated by the International Monetary Fund at €494.193 million, and provisions of €596.571 million, further articulate the CBC’s exposure. Revaluation accounts stood at €1.643 billion, and overall capital and reserves were confirmed at €333.822 million, completing the picture of a well-capitalized institution.

Conclusive Insights And Strategic Alignment

The detailed breakdown illustrates the CBC’s sizeable intra-Eurosystem exposures, reinforcing its central role within Europe’s monetary landscape. With an asset-liability balance maintained at €29.545 billion, the CBC’s financial position remains robust, indicating a commitment to structural stability and strategic risk management.

This fiscal disclosure not only provides transparency into the CBC’s operations but also serves as a benchmark for comparative analysis among other central banks within the Eurosystem, highlighting the intricate balance between asset liquidity, regulatory oversight, and monetary policy imperatives.

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