no 27/08 Launch of EUA spot contract Phase II


Lysaker, 14 April 2008

Nord Pool EUA spot contract for Compliance Period II (2008-2012) will be launched 15 April 2008 (Please see /en/asa/Quotes-and-market-information/Exchange-information/2008/no-1708-Launch-of-EUA-spot-contract/ exchange information no 17/2008 ).

All members who have been accepted to trade and clear EUA Spot contract Phase 1 may trade the EUA Spot contract phase II. Due to delay of CITL linkage to ITL and limited amount of EUAs Phase II, Nord Pool has decided to introduce certain pre-conditions for trading. 

These pre-conditions are temporary and will be terminated as soon as more EU ETS countries issue EU Allowances for Period II to their installations. 

The pre-conditions are as follow: 

1. Sellers have to pre-deliver the amount of EUAs they want to sell the day before the actual trading day. There are no changes in delivery and settlement procedures.

2. The EUA spot contract will, (as in the beginning of Phase I), only be open for clearing of exchange trades. Initially, no OTC clearing will be offered due to market conditions mentioned above. Nord Pool Clearing will offer OTC clearing as soon as possible.

3. Trade of the EUA spot contract will only be possible through Nord Pool's helpdesk (not through the electronic trading system CLICK).
For further information, please contact Nord Pool:  

Anne-Marit Rudby, head of emissions, financial market, 
phone +47 6752 8013/8037

Magdalena Hubert, business development, 
phone +47 6752 8057 

Stian Andersen, head of operations, Nord Pool Clearing, 
phone +47 6710 8422/8430

Jan Vidar Thoresen, managing director, Nord Pool Clearing,
phone +47 6710 8510
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