Derivatives - General Clearing Information 08/12


Information regarding extension of the Default Fund Transition Period
 
 
NASDAQ OMX will, subject to board approval, prolong the Transition Period, as stated in the transition provisions in the Default Fund Rules set out in Sections 1.9A.36-38 of the Rules and Regulations of NASDAQ OMX Derivatives Markets (the “Derivatives Rules”), in Clearing Appendix 9, Section 12, of the NASDAQ OMX Commodity Derivatives Clearing Rules (the “Commodity Rules”) and in Clearing Appendix 8, Section 12, of the N2EX Market Clearing Rules (the “N2EX Rules”), from April 16th 2012 to (and including) June 1st 2012.
 
Please note that these transitional provisions shall cease upon the lapse of the Transition Period, whereby the Clearing House shall be entitled to withdraw any funds contributed under Section 1.9A.36 (b) of the Derivatives Rules and Section 12.1 (b) of the Commodity Rules and the N2EX Rules respectively, and the remaining parts of the Default Fund Rules shall apply in full.
 
The NASDAQ OMX Default Fund team
defaultfund@nasdaqomx.com
 
http://nordic.nasdaqomxtrader.com/clearing/defaultfund

 


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