no 96/13 Delivery of Allowance Contracts December 2013

| Source: NASDAQ OMX Commodities

                                                                                                                                                                    Oslo, 3rd December 2013

Delivery of Allowance Contracts with expiry in December 2013 is approaching with 16 December 2013 as the Expiration Day for the contracts NEDEC3, EUADEC-13, NAVEDEC3 and NCDEC3.    

NASDAQ OMX Clearing AB would like to remind its members the following:

The net sellers must ensure that they have procured a delivery of all European Union Allowances (EUAs), Certified Emission Reductions (CERs) and European Union Aviation Allowances (EUAAs) to the Clearing House's registry account within 19.00 CET on the Expiration Day. A failure to do a delivery will constitute a Default Event.

Account number for delivery:  EU-100-5016825-0-9

All net sellers shall add EU-100-5016825-0-9 to their trusted account list. The transfer shall be confirmed through the Allowance delivery form found at

The Margin Requirement for European Union Allowances (EUAs), Certified Emission Reductions (CERs) and European Union Aviation Allowances (EUAAs) contracts will increase considerably towards the Expiration Day as the Contracts’ volatilities will increase and the contracts' correlations will be removed, giving no margin credits. The increased margins reflect the approaching settlement. The net sellers may pre-deliver Allowance Contracts in advance of the Expiration Day. Pre-delivered Allowance Contracts will reduce the net sellers' need to post extra collateral to cover the increased Margin Requirement.

Net buyers must have collateral to cover payment margin equal to the net settlement within 10.30 CET 17 December 2013 at the latest for NEDEC3, EUADEC-13, NAVEDEC3 and NCDEC3.

Trading and clearing of NEDEC3, EUADEC-13, NAVEDEC3 and NCDEC3 closes at 18.00 CET on the Expiration Day (16 December 2013).


For further information, please contact NASDAQ OMX Commodities:

Your contacts:

Kjersti Ulset, Head of Risk Management European Commodities, phone +47 6710 8426,

Charlotta Hammarström, Clearing and Custody Services, phone +46 8405 7571,

Media contact:

Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759,


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