Effective 12th of June 2014, NASDAQ OMX Clearing will offer the possibility to use certain Swedish equities as collateral to cover their margin requirements. The list of eligible equities has been communicated in Risk Management 11/14 and Exchange and Clearing Information 55/14 and will be included in the Collateral List (Appendix 14 of the Clearing Rules of NASDAQ OMX Derivatives Markets and Appendix 10 of the Clearing Rules of NASDAQ OMX Commodities. Equities will not be eligible as collateral for the Default Fund.
Prior to start using equities as collateral, members/clients are required to:
- Verify that its Standing Settlement Instruction (SSI) is sufficient for handling equities. Any update needs to be communicated to Collateral Management team to cms@nasdaqomx.com
Information about how NASDAQ OMX will process any corporate action and handle taxes there upon can be found in the attached document “Corporate Action NASDAQ OMX Collateral Management Service Description”
For further information, please contact NASDAQ OMX Commodities:
Collateral Management team
Email: cms@nasdaqomx.com
Phone: +46 8 405 6881
Corporate Action Management
Email: corporateactions.emea@nasdaqomx.com
Phone: +46 8 405 7560
NASDAQ OMX
Corporate Action Management
Tullvaktsvägen 15
SE-105 78 Stockholm
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaqomx.com
