no 83/07 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. The adjustments are in accordance with the clearing rules for the financial electricity market 

Lysaker, 11 December 2007

The risk intervals will be decreased 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 Friday 14 December 2007.
http://www.nordpool.com/static/nordpool/archive/information/participant_information/Pdf/83-07adjustmentmargins.pdf Clearing information no 83-2007   (PDF-format)  
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For further information, please contact Nord Pool Clearing: 

Trond Svensgaard, head of risk management, phone +47 6710 8412/+4790 1236 79

Kristian Kloster, risk management, phone +47 6710 8415/+47 9593 1881