As announced on the 4th March 2014, NASDAQ OMX Commodities and Nord Pool Spot have reached an agreement on the transfer of the clearing & settlement functions of N2EX.
This will take effect on the 1st October 2014 and will give Nord Pool Spot sole ownership and control of N2EX’s short-term physical market.
The Transfer represents the culmination of Nord Pool Spot’s long term ambition to provide consolidated intraday and day-ahead trading opportunities across multiple markets and will effectively replicate in the UK the successful Nordic wholesale power market model.
N2EX Transfer – Member Information Pack v1.0
It is important that all aspects of the transfer take effect as smoothly and as seamlessly as possible, for our members.
In order to provide members with all key information relating to the Transfer as early as possible we have produced an N2EX Transfer – Member Information Pack
The pack covers:
- The new counterparty – Nord Pool Spot AS
- An overview of legal requirements
- N2EX operations – trading, clearing & settlement
- Technical migration to the new CCP – 1st October – (further detail to follow)
- Post transition improvements
- Key project dates
The Member Information Pack has been published in the N2EX Transition section of the N2EX member area on www.N2EX.com .
If you do not have a username and password to access the member area, please contact Emma McKiernan: emk@npspot.com .
For further information, please contact N2EX:
Emma McKiernan, Client Relationship Manager, +44 7887 744 700, emma.mckiernan@npspot.com