no 70/14 Risk Parameter Update

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| Source: NASDAQ OMX Commodities

Risk parameters for all Commodity Derivatives Contracts have been updated based on a monthly review.

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 Thursday, September 4, 2014.

Margin curve is decreased for Seafood contracts due to decrease of number of lead days from five to four days while for other products the margin curves are changed in accordance with the observed changes in volatility. Major parts of the curves have relatively minor changes, with limited impact on margin requirements. Margin curves for German EPADs, Swedish and Norwegian Electricity Certificates, Nordic Power, a part of Tanker Clean (TC5USD, TC6USD) will be decreased while some curves for Dry Freight (C4, C9), Allowances (CER), UK Power, UK Natural Gas, and Tanker Dirty (TD17USD) will be increased. The resulting changes in margin requirements are expected to be rather small.

Risk parameters have been defined for a new tanker freight route (TD20USD). For more information about TD20USD see Exchange and Clearing Information no 69/14.

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

 

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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 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. NASDAQ OMX is home to more than 3,300 listed companies with a market value of over $8 trillion. To learn more, visit www.nasdaqomx.com

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, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.

NASDAQ OMX Oslo ASA 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 Oslo ASA are subject to clearing with NASDAQ OMX Clearing.

About NASDAQ OMX Clearing

NASDAQ OMX Clearing is the trade name of NASDAQ OMX Clearing AB which 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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