no 11/07 Nord Pool Clearing signs new financial insurance agreement


(Lysaker, 25 April 2007) Nord Pool Clearing ASA (NPC) and Radian Asset Assurance Inc. (Radian) have signed a financial insurance agreement of € 81 million, increasing the insurance capital with € 16 million.  

The new two year agreement replaces the financial insurance of € 65 million Nord Pool Clearing ASA has had with Swiss Re for the past three years. With this transaction, Nord Pool Clearing ASA increases its financial insurance from € 65 million to € 81 million (based on today's currency rates). 

“The increased insurance capital will strengthen the security for Nord Pool Clearing members. The new agreement will also increase the capability to provide more value added clearing services and extend the possibilities for new commodity products,” says Torger Lien,  the chief executive of  Nord Pool ASA and chair of Nord Pool Clearing ASA.  

About    Radian Asset Assurance Inc.
   Radian Asset Assurance Inc. is a AA rated (AA/Aa3/AA from S&P/Moody's/Fitch) subsidiary of Radian Group, situated in USA and listed at NYSE. Radian Asset Insurance Inc provides structured finance services, including financial insurance to clearinghouses.                                       For more information, please visit file:///C:/Documents%20and%20Settings/lenatr/Local%20Settings/Temporary%20Internet%20Files/OLK2/www.radiangroupinc.com www.radiangroupinc.com   

About Nord Pool Clearing ASA
   Nord Pool Clearing is licensed as a commodity clearing house. Nord Pool Clearing ASA has been granted its license as clearing house under the regulatory authority of the “Kredittillsynet” in Norway, the Norwegian Financial Supervisory Authority. Nord Pool Clearing ASA is a 100% owned subsidiary to Nord Pool ASA. Nord Pool ASA is the world's first international commodity exchange for electricity, green certificates and European Union allowances (EUAs).   The Nord Pool group has offices in Lysaker (Oslo), Fredericia, Stockholm, Helsinki, Berlin and Amsterdam.    
  
 http://www.nordpool.com/static/nordpool/archive/information/press_releases/11-07NPCfinancialinsuranceagreement.pdf Press release no 10/2007   http://www.nordpool.com/static/nordpool/archive/information/press_releases/08-06intradayGermany.pdf   (PDF-format)  
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For further  information, please contact Nord Pool:  

   

Torger Lien, president and CEO, phone +47 6752 8070/+47 9188 8112 

Lars Galtung, vice president communications, phone +47 6752 8080/+47 9821 4812