no 06/07 Adjustment of margins for financial electricity contracts


Nord Pool Clearing hereby notifies the clearing members that the risk intervals, affecting the daily margin call, will be adjusted due to changes in volatility. 

Lysaker, 15 January 2007

The adjustments are in accordance with the clearing rules for the financial electricity market. 

The risk intervals will be increased for all financial electricity contracts.

The new risk intervals will have impact on the calculation of daily margin calls, for which collateral must be posted by 11:00 a.m. on Thursday 18 January 2007.
For further information, please contact Nord Pool Clearing: 

Trond Svensgaard, head of risk management, 
phone:+47 67 10 84 12/+47 90 12 36 79

Kristian Kloster, risk management, 
phone: +47 67 10 84 15/+47 95 93 18 81