<p style="text-align: justify;">To trade on the derivatives market, the Trading Members candidates must fulfil a set of requirements that are defined in the Trading Regulations. <br />
<br />
If these requirements are met and after signing the Trading Members Admission Agreement, the Trading Member is authorised to start its activity, via access to the trading platform. <br />
<br />
The steps of the process are shown in the following chart: </p>
<p>
<table>
<thead>
</thead>
<tbody>
<tr>
<td> </td>
<td><span style="font-size: 11px;"> </span></td>
</tr>
<tr>
<td style="text-align: center; vertical-align: top;"><strong><span style="font-size: 11px;"> Agent</span></strong></td>
<td><span style="font-size: 11px;"> 1. Download the Trading Member Admission Guide Request (T01 Model) and also Models T03, T04 and G01</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 2. Apply for Clearing Member or enter in an Agreement with a General Clearing Member (C10 Model)</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 3. Take the trader Examination Exam or request an exemption</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 4. Fulfil the models referred above in 1., include the requested documents and mail it to OMIP (</span><a href="mailto:marketing@omip.pt"><span style="font-size: 11px;">marketing@omip.pt</span></a><span style="font-size: 11px;">) which will check them</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> OMIP</span></strong></td>
<td><span style="font-size: 11px;"> 5. Decision of admission by OMIP Executive Commission</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 6. Trading Member Admission Agreement is signed and sent with admission communication.</span></td>
</tr>
<tr>
<td style="text-align: center; vertical-align: top;"><strong><span style="font-size: 11px;"> Agent</span></strong></td>
<td><span style="font-size: 11px;"> 7. Signature and sending of Trading Member Admission Agreement and payment of the applicable admission and maintenance fees</span></td>
</tr>
</tbody>
</table>
</p>
<p>
<table>
<thead>
</thead>
<tbody>
<tr>
<td><strong><span style="font-size: 11px;"> OMIP</span></strong></td>
<td><span style="font-size: 11px;"> 8. Communication to the Portuguese Securities Market Commission</span></td>
</tr>
<tr>
<td style="text-align: center; vertical-align: top;"><strong><span style="font-size: 11px;"> Agent</span></strong></td>
<td><span style="font-size: 11px;"> 9. Download, fulfil and send to OMIP the Models T07, T08, T12 and G02 that are needed to initiate de clearing activity. This process can overlap with number 4.</span></td>
</tr>
<tr>
<td><span style="font-size: 11px;"> </span></td>
<td><span style="font-size: 11px;"> 10. The Trading Platform access is granted at least 5 trading days after OMIP’s communication to CMVM (number 8) and after numbers 9 and 10 are totally solved</span></td>
</tr>
<tr>
<td><span style="font-size: 11px;"> </span></td>
<td><span style="font-size: 11px;"> </span></td>
</tr>
</tbody>
</table>
<span style="font-size: 11px;"><strong>Note:</strong><br />
All mentioned Registration Models are available for download <a href="http://omip.pt/Downloads/DerivadosdeElectricidade/tabid/104/language/en-GB/Default.aspx">here</a>.</span></p>
<p style="text-align: justify;">To trade on the derivatives market, the Trading Members candidates must fulfil a set of requirements that are defined in the Trading Regulations. <br />
<br />
If these requirements are met and after signing the Trading Members Admission Agreement, the Trading Member is authorised to start its activity, via access to the trading platform. <br />
<br />
The steps of the process are shown in the following chart: </p>
<p>
<table>
<thead>
</thead>
<tbody>
<tr>
<td> </td>
<td><span style="font-size: 11px;"> </span></td>
</tr>
<tr>
<td style="text-align: center; vertical-align: top;"><strong><span style="font-size: 11px;"> Agent</span></strong></td>
<td><span style="font-size: 11px;"> 1. Download the Trading Member Admission Guide Request (T01 Model) and also Models T03, T04 and G01</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 2. Apply for Clearing Member or enter in an Agreement with a General Clearing Member (C10 Model)</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 3. Take the trader Examination Exam or request an exemption</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 4. Fulfil the models referred above in 1., include the requested documents and mail it to OMIP (</span><a href="mailto:marketing@omip.pt"><span style="font-size: 11px;">marketing@omip.pt</span></a><span style="font-size: 11px;">) which will check them</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> OMIP</span></strong></td>
<td><span style="font-size: 11px;"> 5. Decision of admission by OMIP Executive Commission</span></td>
</tr>
<tr>
<td><strong><span style="font-size: 11px;"> </span></strong></td>
<td><span style="font-size: 11px;"> 6. Trading Member Admission Agreement is signed and sent with admission communication.</span></td>
</tr>
<tr>
<td style="text-align: center; vertical-align: top;"><strong><span style="font-size: 11px;"> Agent</span></strong></td>
<td><span style="font-size: 11px;"> 7. Signature and sending of Trading Member Admission Agreement and payment of the applicable admission and maintenance fees</span></td>
</tr>
</tbody>
</table>
</p>
<p>
<table>
<thead>
</thead>
<tbody>
<tr>
<td><strong><span style="font-size: 11px;"> OMIP</span></strong></td>
<td><span style="font-size: 11px;"> 8. Communication to the Portuguese Securities Market Commission</span></td>
</tr>
<tr>
<td style="text-align: center; vertical-align: top;"><strong><span style="font-size: 11px;"> Agent</span></strong></td>
<td><span style="font-size: 11px;"> 9. Download, fulfil and send to OMIP the Models T07, T08, T12 and G02 that are needed to initiate de clearing activity. This process can overlap with number 4.</span></td>
</tr>
<tr>
<td><span style="font-size: 11px;"> </span></td>
<td><span style="font-size: 11px;"> 10. The Trading Platform access is granted at least 5 trading days after OMIP’s communication to CMVM (number 8) and after numbers 9 and 10 are totally solved</span></td>
</tr>
<tr>
<td><span style="font-size: 11px;"> </span></td>
<td><span style="font-size: 11px;"> </span></td>
</tr>
</tbody>
</table>
<span style="font-size: 11px;"><strong>Note:</strong><br />
All mentioned Registration Models are available for download <a href="http://omip.pt/Downloads/DerivadosdeElectricidade/tabid/104/language/en-GB/Default.aspx">here</a>.</span></p>
For a detailed description of the membership admission procedures, please contact OMIP’s Marketing Department in order to get the Trading Members Admission Guide.