no 05/08 Clearing of old EUA/CER OTC trades


During February 2008, Nord Pool Clearing ASA (NPC) is offering clearing of old OTC EUA and CER contracts, for a reduced clearing fee of EUR 0.001 EUR/tonnes. 

Lysaker, 25 January 2008

During February 2008, Nord Pool Clearing ASA (NPC) is offering clearing of old OTC EUA and CER contracts, for a reduced clearing fee of EUR 0.001 EUR/tonnes.

The offer is available for all of our approved members at the emission market. The contracts to be cleared must be in accordance with NPC standardised EUA and CER contracts for clearing and must be approved by both parties in the deal.

To clear old OTC trades, please send the following information for each contract to Nord Pool Clearing ASA's e-mail address clearing.market@nordpool.com clearing.market@nordpool.com :
 - net volume per contract series (i.e. EUADEC-08,…)

 - original contract price

 - original contract date

 - buyer

 - seller 
NPC will go through the trades to ensure that sufficient collateral is posted. If needed, the members must post additional collateral before NPC can accept the contracts for clearing. Members will be contacted with information regarding collateral requirements, and the determined date for when the contracts will be registered into the clearing systems by NPC. 

Latest day for sending information of which contracts that shall be cleared is 29 February at 15.30 (CET).

For further information, please contact Nord Pool Clearing:  

Bent Egner, head of market & credit, phone + 47 6710 8413

Morten Refsdal, market and credit, phone + 47 6710 8416