Due to the upcoming migration of NOS into NASDAQ OMX Clearing the Commodities Default Fund has been re-calculated. A new re-calculated requirement will take place April 7th and is from End of Day today presented in the Default Fund Requirement and Evaluation report, under column heading “Required Contribution (2014-04-07)”, which can be found in Genium INET Clearing Workstation.
If your current collateral value doesn’t cover your upcoming requirement, please make sure you meet your requirement on time. Posted contributions shall be transferred and settled on NASDAQ OMX bank or CSD/ICSD accounts no later than 10:30 CET on April 7th 2014. All transactions to the Default Fund shall be marked with the Contribution Reference (Default Fund custody account number).
Please review our SSI before posting default fund contributions to make sure you are using the correct one. You will find the SSI here.
Please note that negative interest is capitalized on a monthly basis and will reduce the collateral balance accordingly. If deficit on the default fund account no adjusted base collateral will apply.
For further information about the Default Fund, please visit the Default Fund website or contact us using the details below.
Collateral Management team
Phone +46 8 405 6881