no 31/09 Nord Pool Clearing ASA signs a new financial guarantee


Lysaker, 1 April 2009

Nord Pool Clearing ASA (NPC) and OMX AB (OMX) have signed a financial guarantee, which prolong NPC's clearing capital base as a total of € 150 million.   

The new two year guarantee replaces the financial insurance of US$ 110 million NPC signed with Radian Asset Assurance Inc. two years ago. With this transaction, NPC prolong the clearing capital of € 150 million, where NOK 500 million is equity capital and € 100 million is the new financial guarantee with OMX AB.   

ABOUT NORD POOL CLEARING, PART OF NASDAQ OMX COMMODITIES
Nord Pool Clearing ASA enters into contracts as a contractual counterparty in order to reduce the financial counterparty risk. This means that Nord Pool Clearing assumes liability for covering the future clearing of financial contracts in order to reduce the risk of the contracts for buyers and sellers. Nord Pool Clearing provides clearing for financial, standardised power contracts in the Nordic market, carbon contracts (EUAs and CERs) and financially settled German and Dutch power contracts traded on and off the exchange.

Nord Pool Clearing has more than 385 counterparties/members from over 20 countries.
Nord Pool Clearing is a wholly-owned subsidiary of NASDAQ OMX Commodities AS.

For more information, please visit http://www.nasdaqomx.com/commodities www.nasdaqomx.com/commodities  and http://www.nordpool.com www.nordpool.com  

ABOUT OMX AB
OMX AB is the holding company of the OMX Group which owns and operates exchanges in the Nordic and Baltic regions (Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius) as well as the clearing houses in Stockholm and Oslo. OMX also provides technology to over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. 
OMX AB has been assigned a credit rating of BBB+ (long term) and A-2 (short term) by Standard & Poor's. The OMX Group is a part of NASDAQ OMX Group Inc.   

For more information about NASDAQ OMX, visit http://www.nasdaqomx.com www.nasdaqomx.com 
For further information, please contact Nord Pool Clearing, part of NASDAQ OMX Commodities: 

Jan Vidar Thoresen, managing director, 
phone +47 6710 8510

Trond Svensgaard, head of risk management, 
phone +47 6710 8412

Press contact:
Lars Galtung, corporate communication, NASDAQ OMX Commodities/Nord Pool ASA
phone +47 6752 8080/+47 9821 4812, lars.galtung@nasdaqomx.com lars.galtung@nasdaqomx.com