no 32/07 Launch of CfD Århus month contracts


Nord Pool ASA will launch CfD month contracts for Århus 1 June 2007.  

Lysaker, 21 May 2007

The forward contracts SYARHJUL-07 and SYARHAUG-07 will be listed in accordance with the product calendar and other CfD month contracts. Market maker agreements are signed with Dong Energy and Energi Danmark.

Currently, CfD Århus is the only quarter contract that is not cascaded into month contracts. As Nord Pool will start listing CfD Århus month contracts Nord Pool Clearing will cascade the quarter contracts into months. The clearing members have accepted the cascade which will take effect 29 June 2007 when SYARHQ3-07 is cascaded.

An updated product calendar is available at http://wwwdynamic.nordpool.com/nordpool/financial http://wwwdynamic.nordpool.com/nordpool/financial . 

The clearing rules chapter 10.2.5 calculation of adjusted market value for products in delivery are changed so that CfD Århus have the same calculation method as other CfDs.

The clearing rules are available at http://wwwdynamic.nordpool.com/nordpool/clearing http://wwwdynamic.nordpool.com/nordpool/clearing . 

For further information, please contact Nord Pool:  

Georg Aasen, head of market place, financial market, 
phone: +47 67 52 80 24/+ 47 92 80 07 37 

Bent Egner, head of market & credit, clearing, 
phone: +47 67 52 84 13/+47 92 26 03 41

Media inquiries:
Lars Galtung, vice president communications, 
phone +47 67 52 80 80/ +47 98 21 48 12