IRGiT

Name

IRGiT

Legal name

Izba Rozliczeniowa Giełd Towarowych Spółka Akcyjna

Website

https://irgit.pl

Company type

Private

Founded year

2010

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Commodity Clearing and Settlement Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Commodity Contracts Intermediation (52316), Securities and Commodity Contracts Intermediation and Brokerage (5231)

SIC

Commodity Contracts Brokers & Dealers (6221)

akta.pro primary industry

Wire/RTP Reconciliation, Settlement & Nostro/Vostro Support (FSAMAHAH)

akta.pro secondary industries

Agricultural Commodities Exchanges (Grains, Oilseeds, Livestock) (FSAFAMAA), Payments Operations (ACH/Wire/RTGS, SWIFT, SEPA, Checks) (FSABALAB)

Keywords

• Commodity clearing house
• Clearing and settlement
• Exchange clearing services
• Central counterparty services
• Energy market clearing

Headquarters

HQ city

Warsaw

HQ country

Poland

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Infrastructure, Others

Revenue model

1. Clearing and Settlement Fees: Fees charged for clearing and settlement of exchange transactions, including session transactions, auction transactions, and forward contracts. Fees vary by market segment (commodity, financial, emission allowances).
2. Membership Fees: Annual fees for participation in markets and access to the clearing house. Annual membership fee was reduced from PLN 5,000 to PLN 500 for Clearing and Settlement House.
3. Collateral Management Fees: Fees on funds kept in the clearing guarantee system for deposits to clearing house accounts, including transaction margin accounts and collateral margin accounts. Also includes fees on non-cash collaterals.
4. Registration Fees: Fees for registration of positions, collateral registration, and recording accounts.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

IRGiT provides central counterparty clearing and settlement services for transactions executed on Polish commodity and financial exchanges, primarily those operated by Towarowa Giełda Energii (TGE). It operates two divisions: the Exchange Clearing House (GIR) for commodity markets (electricity, gas, emission allowances, agricultural commodities, property rights) and the Clearing and Settlement House (IRR) for financial instruments. Services include risk management, margin calculation, guarantee fund administration, default management, and invoicing.

Product overview

IRGiT operates a dual-structure clearing and settlement infrastructure comprising two divisions: the Exchange Clearing House (Giełdowa Izba Rozrachunkowa, GIR) serving the commodity market, and the Clearing and Settlement House (Izba Rozliczeniowa i Rozrachunkowa, IRR) serving the financial instruments market and other segments. Both divisions share core modules including risk management through a clearing guarantee system, margin deposit collection (comprising transaction margins, clearing margins, and collateral margins), a mutualized guarantee fund, non-cash collateral acceptance (bank guarantees, emission allowances, property rights), default management procedures, clearing and invoicing services with the Platform for Sharing Invoices (PUF), margin calculators, and clearing bank integration. The GIR division additionally supports specialized clearing for the paneuropean XBID intraday market and the Commodity Forward Instruments Market for Property Rights (RTPM/CFIMPR). IRGiT's products are organized around a centralized risk management department, with distinct regulatory frameworks, fee tables, and membership structures for each division.

Differentiator

Problem solved

Functional benefit

Products and services

• Exchange Clearing House (Giełdowa Izba Rozrachunkowa, GIR) – Commodity Market Handles central counterparty clearing of financial transactions on the commodity market (electricity, gas, emission allowances, agricultural commodities, property rights) executed on TGE, including clearing guarantees, risk management, and financial settlement for exchange clearing members.
• Clearing and Settlement House (Izba Rozliczeniowa i Rozrachunkowa, IRR) Provides clearing and settlement services for financial instruments, including registration, clearing, and settlement of transactions on the Financial Market and other markets operated by TGE, operating under a separate regulatory framework from the commodity market.

Quantifiable outcome

• Zero losses to guarantee fund from two historical default events (2020 and 2022)
• +1 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Three partnerships are on record, tiered core.

• Towarowa Giełda Energii S.A. (TGE)coreStrategic or Co-development Partner · 1 January 2010TGE (Polish Power Exchange) is the primary exchange whose transactions IRGiT clears. IRGiT provides clearing and settlement services for all TGE markets including electricity, gas, emission allowances, and agricultural commodities. The partnership dates to IRGiT's founding.
• Giełda Papierów Wartościowych w Warszawie S.A. (GPW)coreStrategic or Co-development Partner · 1 January 2010GPW (Warsaw Stock Exchange) is the parent company group. IRGiT is part of GPW Group and clears transactions for markets operated by GPW subsidiary TGE.
• Clearing Banks (Banki Rozliczeniowe)coreTechnology or Integration · 1 January 2010Banks that serve as clearing banks for IRGiT's settlement system, processing monetary settlements for clearing members. Include payer banks for both Clearing House Members and the clearing house itself.

Scale indicators6 records

Recent moves8 records

Expansion highlights4 records

Broad incumbents

• LCH (London Clearing House): Major global clearing house operated by London Stock Exchange Group, clearing across asset classes including commodities. Comparable as a large incumbent CCP with sophisticated risk management and default fund mechanisms similar to IRGiT's operations.
• ICE Clear Europe: European clearing house operated by Intercontinental Exchange, clearing energy, agricultural, and financial derivatives. Comparable as an established CCP with similar commodity clearing focus and risk management infrastructure.
• Eurex Clearing: One of Europe's largest clearing houses, part of Deutsche Börse Group. Comparable as a broad incumbent providing CCP services across multiple asset classes with sophisticated margin and collateral management systems.

Regional players

• OPCOM: Romanian electricity and gas market operator providing spot and intraday market services. Comparable as a regional Central/Eastern European commodity exchange that requires clearing infrastructure similar to what IRGiT provides.
• OMIClear: Portuguese-based clearing house for energy derivatives and Iberian market operations. Comparable as a smaller regional CCP serving a single country's commodity exchange with similar clearing and risk management services.
• HUPX: Hungarian Power Exchange operating day-ahead and intraday electricity markets. Comparable as another CEE regional commodity exchange with similar clearing infrastructure needs for cross-border electricity trading.

Others

• TGE (Towarowa Giełda Energii): Polish Power Exchange and IRGiT's primary partner/customer. Comparable as the exchange venue whose transactions IRGiT clears, including electricity, gas, emission allowances, and property rights markets in Poland.

Direct peers

• KDPW_CCP: Polish central counterparty for securities clearing, operated by Krajowy Depozyt Papierów Wartościowych. Directly comparable as another CCP operating in the Polish market under the same GPW Group ecosystem, clearing securities and derivatives transactions.
• Nasdaq Clearing: CCP operated by Nasdaq for Nordic and European derivatives markets. Comparable as a regulated clearing house providing risk management, margin calculation, and default management for exchange-traded commodity and financial derivatives.
• European Commodity Clearing (ECC): Central counterparty for energy and commodity products across European exchanges including EEX. Directly comparable as a commodity-focused clearing house providing clearing and settlement for power, gas, and emissions markets in Europe.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/irgit-s-a---warsaw-commodity-clearing-house

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IRGiT