no 08/14 NASDAQ OMX Commodities extends the offering of clearing bilateral German electricity contracts free of charge

        Print
| Source: Nasdaq Commodities

NASDAQ OMX Commodities has decided to extend the offering of clearing bilateral German electricity contracts, traded before 4 February 2014, free of charge. This offer will be effective from 4 February 2014 until 30 June 2014.

This offer is available for all General Clearing Members, Clearing Members and Clearing Clients (“Account Holders”) clearing German electricity contracts. Only standardized contracts according to the Trading and Clearing Appendix 2 Contracts Specifications can be reported for clearing. Both parties to the contract must be Account Holders of NASDAQ OMX Clearing (“the Clearinghouse”) and both must approve the contracts for clearing.  

The reporting of German bilateral contracts for clearing must contain the information in the below link “Clearing of German bilateral contracts form” and must be confirmed to the Clearinghouse by email: clearing.de@nasdaqomx.com

 

  http://www.nasdaqomx.com/digitalAssets/90/90251_040214-clearing-of-german-electricity-bilateral-contracts-form.pdf

 

The Clearinghouse will monitor the contracts to ensure that sufficient collateral is posted. If needed, Account Holders must post additional collateral before the Clearinghouse will accept the contracts for clearing. Account Holders will be contacted regarding additional collateral requirements, and the date on which the contracts will be registered for clearing by the Clearinghouse.

 

All listed German electricity contracts are available on:

http://www.nasdaqomx.com/commodities/markets/products/power/germanpower/

For further information on how to become a member, please contact:

salescommodities@nasdaqomx.com

 

 For further information, please contact NASDAQ OMX Commodities

Arman Mohii, Product Director Central European Power and Options; phone +46 8 4057850/+46 73 4497850

Kjersti Ulset, Head of Risk Management Commodities + 47 6710 8415/+47 48281600 

Lisa Nordlander, Head of Clearing and Custody Services, phone +46 8 405 6626/+46 73 4496626

 

Media contact:

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

 

About NASDAQ OMX

The inventor of the electronic exchange, The NASDAQ OMX Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the U.S. and Europe, we own and operate 26 markets including 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond average speeds, our technology drives more than 80 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to more than 3,300 listed companies worth $7 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ OMX Century. To learn more, visit www.nasdaqomx.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaqomx). (Symbol: NDAQ and member of S&P 500)

 

About NASDAQ OMX Commodities

NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.

NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.

NOS Clearing ASA is the leading clearing house for the freight market and a specialist clearing provider to the commodities markets. The company is wholly owned by the NASDAQ OMX Group Inc. The clearinghouse, which is situated in Oslo, has more than 300 members.

NASDAQ OMX Clearing AB is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.

 

For more information, visit www.nasdaqomx.com/commodities

 

NASDAQ OMX's Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

 

This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.