no 38/16 Headline Nasdaq Commodities


no 38/16 Default Fund – New requirement by June 1st

A new requirement will take place June 1st and is presented in the Default Fund Requirement and Evaluation report which can be found in Genium INET Clearing Workstation.

The requirement for upcoming quarter is shown under column heading “Required Contribution (2016-06-01)”.
 
If your current collateral value doesn’t cover your upcoming requirement, please make sure you meet your requirement on time. Posted contributions shall be transferred and settled on Nasdaq bank or CSD/ICSD accounts no later than CET 11:00 on June 1st 2016. All transactions to the Default Fund shall be marked with the Contribution Reference (Default Fund custody account number).

Please review our SSI before posting default fund contributions to make sure you are using the correct one. You will find the SSI here.

Please note that negative interest is capitalized on a monthly basis and will reduce the collateral balance accordingly. If deficit on the default fund account no adjusted base collateral will apply.  

For further information about the Default Fund, please visit the Default Fund website or contact us using the details below.

 

For further information, please contact Nasdaq Commodities

Risk Management: clearing.risk@nasdaq.com, +47 6710 8426

Clearing Operations: clearing@nasdaq.com, +46 8 405 6880   

 

Media contact:

Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com

 

About Nasdaq

Nasdaq (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 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 is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.

About Nasdaq Commodities

Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq 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 Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with Nasdaq Oslo ASA are subject to clearing with Nasdaq Clearing.

About Nasdaq Clearing

Nasdaq Clearing is the trade name of Nasdaq 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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