The new Appendix 12 for CMS will come into force 2013-06-17, but will only apply to individual Clearing Members and Direct Pledging Customers migrated to CMS.
Changes to Appendix 12 – Collateral list for CMS
- Clarifications on usage of bank guarantees as collateral.
- Clearing house concentrations limit and its implications for clearing participants.
- El-Certs and European Union Allowances (EUAs) are introduced as eligible collateral for net sellers of these contracts.
- New concentration limits for the following collateral types:
- Bank Guarantees (On-demand commercial bank guarantees) – Concentration limit 100%
- EUAs and El-Certs – Concentration limit 100%
Attached documents:
Appendix 12 - Collateral list (NOMX DM CMS) 2013-06-17
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NASDAQ OMX Derivatives Markets
Risk Management European Financial Products
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