DS Month Futures and Average Rate Month Futures for Nordic Electricity, German Electricity and Nordic EPADs in delivery are normally handled in different risk groups in the margin model. They have temporarily been put in the same risk group while awaiting implementation of margin offset between risk groups during delivery. This implementation is now ready and the orignal set-up and the margin offset between risk groups will become effective in the intra day margin calculation at 9 am March 31st, 2017, given successful testing. The impact on margin requirements will depend on the composition of positions in the margin calculation account; most members won’t be impacted by the change.
There will be no changes to the layout of clearing reports or data files.
For further information, see the Margin Methodology Guide for Commodity Derivatives.
For further information, please contact Nasdaq Commodities:
Risk Management, clearing.risk@nasdaq.com, phone +47 6710 8426
Anne-Marit Rudby, Product Director Commodities, anne-marit.rudby@nasdaq.com, phone +47 9158 0323
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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