no 40/14 Risk Parameter Update

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| Source: NASDAQ OMX Commodities

Risk parameters for Nordic and German EPAD will be updated due to observed increase in volatility and decreased price levels on the underlying electricity contracts.

The updated parameters will have impact on the calculation of the daily margin requirement for which collateral must be posted by 10:30 CET on Monday, April 14, 2014.

Margin curves for certain EPAD contracts will be increased, which will lead to increased margin requirements for naked positions in these contracts, otherwise margin requirements will be relatively unchanged. Updated margin curves can be found at:

http://www.nasdaqomx.com/trading/commodities/clearing/marginandcollateral/margincurves/

Details about the new risk parameters can also be found on our File Transfer Protocol (FTP) server.

 

For further information, please contact NASDAQ OMX Commodities:

Kjersti Ulset, Head of Risk Management Commodities,

phone +47 6710 8415/+47 4828 1600, kjersti.ulset@nasdaqomx.com

Media contact:
Sara Aadnesen, Director Corporate Communications,

phone +47 9060 0759, sara.aadnesen@nasdaqomx.com

 

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 70 marketplaces in 50 developed and emerging countries, 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. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $8 trillion, 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

 

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