NASDAQ OMX ENHANCES CLEARING OFFERING FOLLOWING EMIR APPROVAL


Stockholm, April 30 – NASDAQ OMX Clearing AB announced today that following the EMIR approval and the relating streamlining of processes, lower clearing fees will be implemented and the collateral list will be extended to include additional assets.

NASDAQ OMX Clearing AB was the first European clearing house to receive an approval under the EMIR regulation in March 2014. Pursuant to the extensive work that has been carried out in order to ensure EMIR compliance NASDAQ OMX Clearing AB has been able to enhance and streamline its procedures and increase efficiency. At the same time NASDAQ OMX Clearing AB has further developed its risk management.

As a result NASDAQ OMX Clearing AB is able introduce two new fee and rebate models for client clearing of SEK Fixed Income products. The new models will supplement the existing client fee and rebate model and will be available from January 1, 2015.

“We are pleased to leverage the hard work that has been put in to the EMIR reauthorization process and offer our clients a highly competitive rebate program”, said Magnus Billing, Head of Nordic Fixed Income, NASDAQ OMX. “To qualify for a certain rebate clients must reach pre-defined clearing fee levels, which will vary depending on clients’ choice of rebate model. The fee and rebate models will be offered on a client-by-client basis.”

In the interim period NASDAQ OMX Clearing AB, will offer adjusted client clearing rebates.

As a first step in broadening the list of eligible collaterals, NASDAQ OMX Clearing AB will also extend the list to include green bonds issued by IFC. Green bonds issued by IFC support private sector investments in renewable energy and energy efficiency. The growing risks brought on by climate change are raising development costs and these bonds are delivering finance that can help countries adapt to and mitigate climate change, while providing investors with high-quality-credit, fixed-income investment opportunities that have a positive impact.

To learn more about the rebate program please click here.

To see the complete list of eligible collateral please click here.

 

About NASDAQ OMX Group

NASDAQ OMX (NASDAQ: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, NASDAQ OMX enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 80 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,200 listed companies with a market value of over $8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaqomx.com.

 

Cautionary Note Regarding Forward-Looking Statements

Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. NASDAQ OMX cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMXs control. These factors include, but are not limited to, NASDAQ OMXs ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in NASDAQ OMXs filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q which are available on NASDAQ OMX’s website at http://www.nasdaqomx.com and the SEC’s website at www.sec.gov. NASDAQ OMX undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

 

 

Media Relations Contact:
NASDAQ OMX
Christina Malmberg Hägerstrand
+ 46 8 405 65 83

christina.hagerstrand@nasdaqomx.com