We Originate Business In The Energy Industry

Events
River Club regular meetings, special gatherings and VIP evenings description and timeline
River Club
Information about the executive business club, the membership types and club cards
River Broker
Special intermediate commercial agent services for River Club members
River Commodity
Introduction of the Austrian independent undertaker company managing River Club and River Broker

Events

River Club Member Workshops and VIP Events

River Club is an executive business club which aims to cultivate a dynamic network of companies with business activity related to exploration, production, generation, commerce, merchant wholesale and transportation.
 

Upcoming Events

April 2017 Vienna

The Ritz-Carlton Vienna

October 2017 Vienna

The Ritz-Carlton Vienna

December 2017 Vienna

The Ritz-Carlton Vienna

March 2018 Vienna

The Ritz-Carlton Vienna

June 2018 Vienna

The Ritz-Carlton Vienna

River Club

River Club

River Commodity GmbH protects its Clientele with utmost care by managing River Club which formulates the framework of services taken. All clients of River Commodity GmbH are members of the business club and can do commodity trading within the prevailing members of River Club which guarantees that partner risk is properly mitigated.
River Club is a business club which aims to cultivate a dynamic network of companies with business activity related to exploration, production, generation, commerce, merchant wholesale and transportation.

The membership provides services which covers meetings and gatherings to create a discrete and collaborative environment in which high level discussion, debate, knowledge sharing and business can flourish.
River Club originates an ultimate ground for the absolute best from the energy community and facilitates distinguished discussion, creating new business opportunities along and in correlation with our core activities.
The Club operates under Chatham House Rule to provide a private atmosphere to assure maximum discretion and ensure highest standards. The membership is confidential to the public, personal and non-transferable.

River Club Cards

For an active membership in River Club you need an activated River Club Card. For any kind of membership card you need to have an invitation from River Club or an active club member, and you have to fulfil the criteria of acceptance of River Club members, and approval from River Club.

You can hold a River Club Member Card if you are a CEO, an executive officer, a director or a manager in your organization. Besides this position based entitlement, we further differentiate by annual revenue of your company, the larger, the higher level membership can be accessed. One organization can have maximally six members in each member card category, every further membership after the first has a discount on it. Every card type represents access to different events, areas during the meetings, and services, which are described in detail at the membership types and the FAQ.

Sponsorship is an opportunity, to acquire a higher level membership type and card, then what your organizations revenue would originally ensure. For this reason we provide a Sponsor Card. We also have a free of charge Honorary Card, if you have a special invitation from River Club, and if you are a board member, a minister, a prime minister or a president. Our White Honorary Card is only held up for our special guests and speakers.

Frequently Asked Questions

Club Related Questions

  • What is River Club? +

    River Club is one of the most exclusive businessman’s club in Europe. River Club originates an ultimate ground for the absolute best from the energy community and facilitates distinguished discussion, creating new business opportunities along and in correlation with our core activities. River Club is a business club which aims to cultivate a dynamic network of companies with business activity related to exploration, production, generation, commerce, merchant wholesale and transportation. Every member has a common interest in negotiating energy business opportunities.
  • Where is the idea of River Club come from? +

    We experienced that amongst energy sector leaders there is an outmost interest to have a place, where they can exchange ideas and views in a more private and exclusive environment, than the widely existing energy industry gatherings. River Club was founded in 2015 to fulfil this purpose. From the beginning we experience plenty of interest and a supportive environment from highest levels of the energy community. This is already represented by our first members who are the major players of the industry, ranging from the largest energy suppliers through traders to the large consumers, also regulators and policy makers.
  • Where does the name come from? +

    Rivers have been used for trade and navigation for thousands of years, also have been a source of food since pre-history, playing an important role in determining political boundaries. Rivers were the key in the development of regional and global trade. Our name represents our motto, as we originate, no matter if it is business, friendship or common understanding.
  • Who are behind River Club? +

    River Club is operated by an Austrian legal entity, River Commodity GmbH. Owned by energy industry professionals, namely László Siller by majority with more than a decade of experience in energy supply chains, Attila Holoda with decades of energy upstream experience and Péter Nagy with banking professional background, by minority, and partnered by András Jenei with a decade of experience in energy policy.
  • Where does River Club offer services? +

    River Club operates under the Austrian law. River Club offers services only in Austria. River Club is a service of River Commodity GmbH.
  • Where do members originate from? +

    Members are from the global energy scene and they have a common interest doing energy business in Europe.
  • Where is River Club located? +

    In the capital of Austria, Vienna. Until we set up a permanent club house, our core events will be held in The Ritz-Carlton, Vienna.
  • Who can join the club? +

    Companies and organizations with activities related to energy business. The club is not open towards NGO’s and to media affiliates.
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Membership Related Questions

  • How can I become a member? +

    You need to fulfil the initial criteria of membership which is an invitation by River Club and an active club member. Also acceptance of River Club members and approval of River Club is needed. You need to have a signed membership ontract with River Commodity GmbH and you need to pay the fee of your membership category.
  • What is the criteria to become a member? +

    Private persons fulfilling the membership criteria. In general, you need to have an invitation by River Club and an active club member. Also you need to hold the position of President, Prime Minister, Board Member or Minister if you are not an energy business related organization representative. If you are a private person representing an energy company, you need to hold a Chief Executive Officer, Executive Officer, Director, or a high level Management position. Every membership demand is decided case by case.
  • What does the membership provide? +

    The membership provides services which cover meetings and gatherings to create a discrete and collaborative environment in which high level discussion, debate, knowledge sharing and business can flourish. The Club Members have tailored case-specific and secured communication service.
  • Do you have different memberships? +

    Yes, you can learn more in the River Club Card Types brochure. In general, we have set up a company revenue and position based entitlement with revenue categories for each membership category.
  • Do you have honorary membership? +

    Yes, with different categories, of which you can learn more from the River Club Card Types brochure. In general, you need to hold the position of President, Prime Minister, Board Member or Minister to gain free of charge Honorary embership. Every honorary membership demand is decided case by case.
  • How much an Honorary Membership cost? +

    It is free of charge for the first years.
  • What do I need to provide if I am an Honorary Member? +

    You need to provide a publishable name of the member company, have a regular club activity, an active membership and business activity in early years.
  • Do you have discount if my company delegates more than one member? +

    Yes, with different categories, of which you can learn more from the River Club Card Types brochure. In general, the more persons your company delegates, the cheaper is every new membership in every card category. Of course, due to the exclusivity of the club, there is a limitation on the number of company representatives in each category.
  • If I am a speaker do I need to become a club member? +

    Yes, River Club can only be accessed by members. For this reason, we created White Honorary Membership which allows us to decide on a club membership demand case by case, with regards to speakers and external experts.
  • My company revenue allows me only to a lower membership category. Can I upgrade it? +

    Yes, for this reason we have created our Sponsorship Card categories, of which you can learn more from the River Club Card Types brochure.
  • My company revenue allows me only to a higher membership category. Can I downgrade it? +

    No, for this reason we have created our Red Member Card category for your management level colleagues, of which you can learn more from the River Club Card Types brochure.
  • Can different organizational level persons from one company access the club? +

    Yes, for this reasons we created the different membership types and levels. For example, an energy company CEO can gather a Blue to Black Card membership and a gas portfolio manager the Red Card membership.
  • I am a regulator, a TSO or a government body. How can I join the club? +

    You can become an Honorary Member. The type of honorary membership is decided case by case.
  • My company has less than 10 MEUR yearly revenue. Can I still join the club? +

    Unfortunately, no. We take our revenue based entitlement seriously to limit the size of River Club.
  • Can I become a member if I do not want to apply for River Club commercial agent services? +

    Yes, but you need to be an active club member.
  • How can I become a sponsor? +

    You need to pay the sponsorship fee to become asponsor and have a River Club Sponsorship Card. There are different Card types, you can learn more from the River Club Card Types brochure.
  • What are the benefits to become a sponsor? +

    You can become a higher level club member overriding company revenue limitations. You will also gain access to sponsored card type connected services: such as special events, club house, public relations, marketing and communication.
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Transparency and compliance related questions

  • Is the membership public? +

    The membership is confidential to the public, personal and non-transferable. The company name and your name will not be published on our webpage and in any publicly available information. Honorary members align to their special status. If you are an honorary member the company name and your name can be published by River Club. Upon request we can have different, tailored solutions.
  • My organization has a different compliance policy than common. How can I join the club? +

    In general, Chatham House Rule and our Membership Contract answers most of the possible compliance related questions. As our specialty is to have tailored services, in the beginning you can expect flexibility from our side.
  • Can I write an in house report about what has been discussed on a club event? +

    Yes, but with according to the Chatham House Rule, and based on the event white paper.
  • Do you have transparency and privacy rules regarding River Club events? +

    Yes, River Club operates under Chatham House Rule. See etailed description underneath.
  • What is Chatham House Rule? +

    When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.
  • How is the Rule used? +

    Chatham House Rule originated at Chatham House with the aim of providing anonymity to speakers and to encourage openness and the sharing of information. It is now used throughout the world as an aid to free discussion. Meetings do not have to take place at Chatham House, or be organized by Chatham House, to be held under the Rule. In River Club all events are held ‘off the record’ in any circumstances.
  • Who uses the Rule these days? +

    It is widely used by local government and commercial organizations as well as research organizations.
  • When was the Rule devised? +

    In 1927 and refined in 1992 and 2002.
  • Should one refer to the Chatham House Rule or the Chatham House Rules? +

    There is only one Rule.
  • What are the benefits of using the Rule? +

    It allows people to speak as individuals, and to express views that may not be those of their organizations, and therefore it encourages free discussion. People usually feel more relaxed if they don’t have to worry about their reputation or the implications if they are publicly quoted.
  • How is the Rule enforced? +

    River Club will take disciplinary action against a member or guest who breaks the Rule; this is likely to mean future exclusion from all institute activities including all activities related to membership. Although such action is rare, the rigorous implementation of the Rule is crucial to its effectiveness and for River Club’s reputation as a trusted venue for open and free dialogue.
  • Is the Rule used for all meetings at River Club? +

    Yes.
  • Can participants in a meeting be named as long as what is said is not attributed? +

    No. River Club members are anonymous towards the public.
  • Can a list of attendees at the meeting be published? +

    No, the list of attendees should not be circulated beyond those participating in the meeting.
  • Can I ‘tweet’ while at an event under the Chatham House Rule? +

    No.
  • Will there be any kind of public follow up of any River Club gathering? +

    Yes if the members wish so and they have agreed on the content. River Club can organize and support public relations.
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Event and activity related questions

  • How do members meet in River Club? +

    River Club organizes at least three club events yearly. Special events will be also held, depending on member requests.
  • How many events can I access with my membership? +

    In general, with a membership you can participate the standard events. All other events are invitation based. Invitations are given by other club members, the hosts of the special club events.
  • Where will be the events held? +

    Until we set up our permanent club house, all events will be held in The Ritz-Carlton, Vienna.
  • What is the timeline for a River Club event? +

    On an event day we have two prescheduled presentations, one in the morning and one in the afternoon, which are followed by club discussions and club activity. The day closes with a club evening. You can learn more from the River Club Events Guide brochure.
  • Between the two speakers what is the day plan? +

    During this period, members have free time. Club services are open during the day. You can have business meetings, negotiations, lunch, or do some work, as well you can rest or just enjoy Vienna, it is upon you. We can provide support for you.
  • What are the topics of the events? +

    On every event there are specific topics which our speakers will present. This creates the basis for a negotiation and debate, which you can enjoy in a private and secured club environment.
  • Will there be journalists on club events? +

    No, as of today we are not accrediting journalists to our events in any form, to secure the private and discrete environment of the club.
  • Will there be any publicly available information about events? +

    Yes, from the event white paper which members will receive after every event, upon agreement, a tailored agenda of the event will be presented to the press. We believe, that by this we can create enough transparency regarding River Club, which allows the public to be familiar in general with the club’s purpose. Any club member can inform the public about what they have said during a meeting, but without the naming any participant.
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River Broker

Commodity Transaction Arrangement

The arrangement of transactions of physical energy commodities starts with daily order call. River Commodity Agents (RCA) search business club members anonymously that have potential interest.
Once a transaction is in the closing phase RCA refines and reconciles BID/ASK. After the received confirmation RCA shares counterparties data to both parties.

Daily Calls
Partner Search Anonymously
Refining and Reconciliation
BID/ASK
Partner Data Transfer

River Broker Daily Routine

Starting from daily calls where we update you about market changes and we clarify your needs, we perform anonymous counterparty search, through the best offer reconciliation up to the matching process, where you receive confirmations on the transaction in the closing phase, where in the end you will be provided by us with all the necessary information to fulfill your wished transaction. When entering into the daily routine with us, according to your wish we will hold your hands and guide you through the complex process of your future deal.

YOU
WE
Member Intention
Member contract
Member credit risk
Member admission
Daily Calls
Wording Needs
Sending Needs
Admission Requirements
Market Analyzis
Needs Clarification
Partner Search Anonymously
Best Offer Reconciliation
Refining and Reconciliation
BID/ASK
Finalizing The Conditions
Final Confirmation Of Terms
Buying And Selling Side Receipts
Confo
Partner Data Transfer

Membership

All clients of River Commodity GmbH are members of the business club. As a full member one can enjoy all services of the business club such as daily calls, updates, market analysis, club events and gatherings. The membership is subject to a successful start and the annual creditworthiness process also. We offer different types of memberships to fulfil client needs the most successful way.

Member Intention
Member contract
Member credit risk
Member admission
Marketing Broschure, Company Data, Application Form, Application Form Agent, Application Form Mandate Agent
Full documentation package
Member intention documentation package for River Club Members
Marketing Broschure, Company Data, Application Form, Application Form Agent, Application Form Mandate Agent, Services Prices, Application Form SRM
Full documentation package for River Club Members
Membership contract, Membership Contract ENG translation, Membership Contract HUN translation
Full documentation package for River Club Members
Documentation Checklist
Full documentation package for River Club Members
Agent confo by corporate, Agent Mandate Agreement, SRM Agreement
Full documentation package for River Club Members
T:00 43 1 600 1420
F: 00 43 1 600 1436

River Commodity

What Makes Us Different

Respectable clients and partners

Friendship and long term relationship with our clients

Expertise in energy sector

Complex products risk management

Trusted intermediary on energy market

We are not the cream, not the coffee, but who serves them

What We Do

River Commodity GmbH with headquarter in Austria provides Austrian services under Austrian law. River Commodity GmbH is an independent undertaker manages the arrangement of transactions of physical energy commodities and related services in connection with Natural Gas, Liquefied Natural Gas, Crude Oil, Petroleum Distillates, Other Refined Petroleum Products, Biofuels, Coal, Electricity, Freight, on behalf and for the account of third parties with business activity related to exploration, production, generation, commerce, merchant wholesale and transportation as a commercial agent.

River Commodity GmbH protects its Clientele with utmost care by managing River Club which formulates the framework of services taken. All clients of River Commodity GmbH are members of the business club and can do commodity trading within the prevailing members of River Club which guarantees that partner risk is properly mitigated.
Our clients are entirely commercial purchasers, industrial consumers and not end-users. As a specialist in these fields, we have a broad transnational business network at our disposal to provide valuable and anonymous service to our customers.

How We Do It

We explore business opportunities inside and outside of The Club.
We believe in improving in person relationship, not replacing.
We build long term in person relationship with Members.
We search the best companies in the energy scene.
We give trusted anonymous services as standard.
We maintain a premium club for our partners.
We protect deals with our expertise.

Active Commodities

We provide service in seventy countries and our activities cover the EMEA and FSU regions. Our people provide commercial agent services, based on strong risk management experience with knowledge in exploration, drilling, extraction, production, transmission, shipping, storage, legislation, and marketing.

NATURAL_GAS

Natural Gas

OTC physical contracts, storage capacity, and options are all welcome. Time periods range from one month to ten-year structures.

NATURAL_GAS

Liquefied Natural Gas

River Broker offers the arrangement of Physical LNG contracts by voice, as well as timely analysis and commentary on the global LNG market.

Commodities Coming Soon

biofuel

Biofuels

Coal

Coal

Crude Oil

Crude Oil
& Refined Products

Electricity

Electricity

Freight

Freight

Middle_Distillates

Middle Distillates
& Fuel Oil

Residual_Fuels

Residual Fuels