CHANGES TO THE NASDAQ OMX DEPOSIT RATE (NDR).
Effective 1st of May 2014, NASDAQ OMX Clearing will increase the interest compensation on cash contributions to the default fund and margin requirements for SEK, EUR and USD.
The NDR that applies to cash contribution related to margin requirement will after the change be as follows:
SEK - Swedish Repo Rate -30bp
EUR – EONIA -30bp
USD - FED Funds -30bp
DKK, NOK and GBP will remain unchanged.
The interest on cash contribution related to the default fund is NDR +25bp.
Current rates can be found on the NASDAQ OMX CMS Web.
For further information, please contact
Collateral Management team
Phone +46 8 405 6881