Due to the system upgrades on Nord Pool, and with reference to exchange and clearing information no 10/09, there will be a need for signing new forms for OTC trading at Nord Pool. New clearing functionality regarding distribution and opening hours will also be implemented. A. OTC trading and clearing Due to the introduction of automatic processing of clearing at registration, Nord Pool Clearing (NPC) will need an authorised and signed form from all members that perform OTC trades (note the exception with single-sided trades. Ref 2.): 1. http://www.nordpool.com/static/nordpool/archive/upload/Systemupgrade/Brokerappointmentform.pdf" Broker appointment form » with a list of broker(s). This form, authorised and signed, is necessary for a broker to perform trade registering on a members clearing account. Please return this signed form within 6 March to clearing@nordpool.com clearing@nordpool.com and/or 2. http://www.nordpool.com/static/nordpool/archive/upload/Systemupgrade/Bilateralclearingnotificationform.pdf" Bilateral clearing notification form » for other members to register trades on other members clearing accounts. Please return this signed form within 6 March to clearing@nordpool.com clearing@nordpool.com Please note that members can avoid signing this agreement by registering a single-sided trade (either buyer or seller side) in PI. The reported trade will then be subject for matching in the clearing application. When a trade is matched it is automatically processed for clearing. NPC has provided two different templates of standard agreements as a service for our members: 3. http://www.nordpool.com/static/nordpool/archive/upload/Systemupgrade/Brokerclearingagreement.doc" http://www.nordpool.com/static/nordpool/archive/upload/Systemupgrade/Brokerclearingagreement.doc Broker clearing agreement » This is an agreement between customer and broker. 4. http://www.nordpool.com/static/nordpool/archive/upload/Systemupgrade/Bilateralclearingagreement.doc" Bilateral clearing agreement » This is an agreement between customer A and customer B. NPC recommends all members to sign such agreements. NPC does not require a signed copy of these agreements. B. New clearing functionality Please note that /en/asa/Markets/System-upgrades/System-overview/New-clearing-functionality/ new clearing functionality » regarding distribution and opening hours, in addition to the http://www.nordpool.com/static/nordpool/archive/upload/Systemupgrade/PIpresentation.pdf" PI presentation » from the seminars, is available on our homepage. C. Account structure Please note the updated version of the http://www.nordpool.com/static/nordpool/archive/upload/Systemupgrade/AccountmappingDCMupdate.pdf" account structure document » . The difference from the previous version is that the name standard of clearing clients (CC) will remain as is. An overview of the system upgrades actions can be found under /en/asa/Markets/System-upgrades/ system upgrades » on the Nord Pool ASA web. For enquiries and general information, please contact: market.readiness@nordpool.com market.readiness@nordpool.com // market.readiness@nasdaqomx.com market.readiness@nasdaqomx.com For further information, please contact Nord Pool Clearing, part of NASDAQ OMX Commodities: Camilla Christiansen, head of market & credit, phone +47 6710 8414/ +47 9181 4112 Elisabeth Lervik, market & credit, phone +47 6710 8423
no 18/09 New clearing forms and functionality following system upgrades
| Source: Nasdaq Commodities