Effective March 16th 2015, Nasdaq Clearing will adjust the interest compensation on cash contributions to the default fund, loss sharing pool and margin requirements for EUR and DKK.
EUR
The interest compensation on cash contributions in Euro related to margin requirements will be improved with 5 basis points. The new NDR will be EONIA minus 25 basis points.
DKK
The reference rate for determine NDR will change from the Danish Repo rate to the Danish Certificate of Deposit rate. In addition the spread will be adjusted to 30 basis points. The new NDR will be Certificate of Deposits minus 30 basis points.
SEK, NOK, USD and GBP will remain unchanged. Current rates can be found on the Nasdaq Clearing CMS Web.
The interest on cash contribution related to the default fund and the loss sharing pool is NDR plus 25 basis points.
| Currency | Current NDR | New NDR | Default Fund |
| EUR | EONIA -30bp | EONIA -25bp | NDR+25bp |
| DKK | Repo rate - 50 bp | Certificate of Deposit Rate –30bp | NDR+25bp |
For further information, please contact Collateral Management:
Telephone +46 8 405 6881
Email: cms@nasdaq.com,