no 79/07 Short-term adjustment of collateral requirements for physical electricity contracts


Postponement of the operationalization 

Lysaker, 30 November 2007  

Nord Pool Spot AS hereby gives notice that collateral requirements will be increased during Christmas. The adjustment is in accordance with the Rulebook for the physical markets. 

The adjustment is made in order to cover the period of non-clearing days during Christmas. 

The adjusted collateral requirement will be increased by two days and will be calculated based on nine  days net purchase. 

The collateral requirement must be posted by 11.00 a.m. on Tuesday 18 December 2007. 

The collateral requirement will be reduced to seven days net purchase on Tuesday 08 January 2008. 
http://www.nordpool.com/static/nordpool/archive/information/participant_information/Pdf/79-07Christmas-adjustmentofcollateralrequirements.pdf Exchange information no 79/2007   (PDF-format)  
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For further information, please contact Nord Pool Spot AS:   

Morten Landrø, Risk Manager, phone: +47 6752 8087 /+47 9222 3355 

Vibeke Morthaug, Business Controller, phone: +47 6752 8075