no 59/16 Changes to the Clearing Rules - Appendix 10, Collateral List


This is to inform you about an amendment to the Clearing Rules of Nasdaq Commodities, Appendix 10 - Collateral List, effective September 30, 2016.

For updated Appendix 10, Collateral list, please see upcoming changes to rules here.

The changes will also be reflected in Appendix 5 of the Default Fund Policy paper, Eligible Funds. The document can be found here and will be updated in due time. 

The following updates to haircuts have been made:

 

  Time to maturity Current value after haircut New value after haircut Change
Austrian Government Bills and Bonds 0-5Y 97,0% 97,0% 0,0%
  5-10Y 94,5% 94,5% 0,0%
  10-20Y 90,5% 90,5% 0,0%
  20-30Y 85,5% 86,5% 1,0%
  >30Y 84,0% 84,0% 0,0%
British Government Bills and Bonds 0-5Y 97,0% 97,0% 0,0%
  5-10Y 94,0% 93,0% -1,0%
  10-20Y 86,5% 88,5% 2,0%
  20-30Y 77,0% 79,0% 2,0%
  >30Y 70,5% 72,5% 2,0%
Danish Government Bills and Bonds 0-5Y 97,0% 97,0% 0,0%
  5-10Y 96,5% 96,5% 0,0%
  10-20Y 90,0% 90,0% 0,0%
  20-30Y 92,0% 92,0% 0,0%
  >30Y 70,0% 70,0% 0,0%
Dutch Government Bills and Bonds 0-5Y 97,0% 97,0% 0,0%
  5-10Y 96,0% 96,0% 0,0%
  10-20Y 94,0% 94,0% 0,0%
  20-30Y 90,5% 90,5% 0,0%
  >30Y 88,5% 90,0% 1,5%
Finnish Government Bills and Bonds 0-5Y 96,5% 96,5% 0,0%
  5-10Y 94,5% 95,0% 0,5%
  10-20Y 92,0% 92,0% 0,0%
  20-30Y 88,0% 88,5% 0,5%
  >30Y 70,0% 70,0% 0,0%
French Government Bills and Bonds 0-5Y 96,5% 97,0% 0,5%
  5-10Y 93,5% 93,5% 0,0%
  10-20Y 88,0% 88,0% 0,0%
  20-30Y 82,5% 85,5% 3,0%
  >30Y 76,0% 78,0% 2,0%
German Government Bills and Bonds 0-5Y 96,0% 96,0% 0,0%
  5-10Y 95,5% 95,5% 0,0%
  10-20Y 93,5% 93,5% 0,0%
  20-30Y 89,0% 89,5% 0,5%
  >30Y 88,0% 88,0% 0,0%
Kommuninvest Bonds 0-5Y 95,0% 95,0% 0,0%
  5-10Y 95,0% 95,0% 0,0%
  10-20Y 87,0% 87,0% 0,0%
  20-30Y 80,0% 80,0% 0,0%
  >30Y 70,0% 70,0% 0,0%
Norwegian Government Bills and Bonds 0-5Y 97,0% 97,0% 0,0%
  5-10Y 95,0% 95,0% 0,0%
  10-20Y 87,0% 87,0% 0,0%
  20-30Y 80,0% 80,0% 0,0%
  >30Y 70,0% 70,0% 0,0%
Swedish Government Bills and Bonds 0-5Y 97,0% 97,0% 0,0%
  5-10Y 94,5% 94,5% 0,0%
  10-20Y 91,0% 91,0% 0,0%
  20-30Y 89,0% 90,0% 1,0%
  >30Y 70,0% 70,0% 0,0%
World Bank Green Bonds 0-5Y 97,0% 97,0% 0,0%
  5-10Y 96,0% 96,0% 0,0%
  10-20Y 87,0% 87,0% 0,0%
  20-30Y 85,5% 85,5% 0,0%
  >30Y 70,0% 70,0% 0,0%
Swedish Covered Bonds 0-5Y 94,0% 95,0% 1,0%
  5-10Y 92,0% 92,0% 0,0%
  10-20Y 88,5% 90,0% 1,5%
  20-30Y 81,5% 83,5% 2,0%
  >30Y 70,0% 70,0% 0,0%
Danish Covered Bonds 0-5Y 94,0% 95,0% 1,0%
  5-10Y 92,0% 92,0% 0,0%
  10-20Y 88,5% 90,0% 1,5%
  20-30Y 81,5% 83,5% 2,0%
  >30Y 70,0% 70,0% 0,0%

 

Share Current value after haircut New value after haircut Change
SSAB A 63% 65% 2%

 

For further information, please contact Nasdaq Commodities:

Maria Nehlin, Head of Credit Risk, phone + 46 8 405 6574/+46 73 449 6574 maria.nehlin@nasdaq.com

Media contact:

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

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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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