Investors

The strength of EIX comes from the diversity of its Members. These cover a range of Investor types from different geographies including pension funds, wealth funds, private banks and private family offices.

Benefits of Membership

Membership of EIX provides investors with:

  • Direct investment in newly issued Project Bonds through the EIX Primary Market
  • Direct investment in existing Project Bonds through the EIX Secondary Market
  • A Trading Venue on which to list and sell down stakes in privately held Project Bonds
  • Pricing data on individual Project Bonds and categories of Project Bonds (such as renewables) to enable objective valuation

The EIX trading platform is made possible by the comprehensive standards and processes EIX has put in place. These standards and processes are designed to ensure all Project Bonds are structured consistently and due diligence is completed to the highest standards.

EIX’s standards and processes are codified in our Member Rules and Disclosure Rules. All EIX participants sign up to these rules and compliance with them is monitored by third parties.

Investment Strategies

EIX’s Members use the Primary and Secondary Markets to facilitate a range of investment strategies to:

  • Further diversify multi-asset portfolios by adding Project Bond positions
  • Create diversified debt portfolios by acquiring partial stakes across multiple Project Bonds
  • Exit privately held Project Bonds and release funds
  • Invoke the regulatory changes set out in Solvency II that now allow regulatory capital to be held as bonds, not just cash
  • Reprofile assets in order to mirror changes in liabilities
  • Provide currency hedges by acquiring fixed, long-term coupon streams
  • Provide inflation hedges by acquiring inflation-linked, long-term coupon streams

Who can be a Member?

Only firms that have applied and been accepted as Members may participate on the EIX Primary and Secondary markets.

Members must be authorised as an investment firm or credit institution in the European Economic Area (European Union, Iceland, Liechtenstein and Norway). All Members need to understand and comply with the Member Rules.

Firms that meet these criteria may apply to become an EIX Member. Firms authorised in other jurisdictions or non-authorised firms may also apply for membership in certain circumstances – please contact the Membership Team for details.

How to become a Member

The process to become an EIX Member is simple. There are four steps.

  1. Review and agree the Member Rules. Investors should be comfortable with the rules of Membership.
  2. Review and understand the Disclosure Rules and Trading Rules
  3. Complete and submit an Investor Application Form
  4. Complete and submit an Authorised Trader Application Form. This form should be completed for each named individual to be given access to the trading platforms

Once an application is approved, Members are provided with an Account Manager and on-boarded onto the trading platform.

Contact

If you would like to speak to us about becoming a Member, please contact Judith Wheelan – Investor Partnerships Director on 020 7397 2910 or email investors@eix.global.