Lysaker, 1 December 2011
NASDAQ OMX Clearing hereby notifies the members that the risk parameters affecting the daily margin call will be updated based on a quarterly margin review.
The update of risk parameters are done for Nordic and German electricity derivatives contracts and will have impact on the calculation of the daily margin call for which collateral must be posted by 11.00 CET on Tuesday 6 December 2011.
Risk parameters for UK electricity and gas derivatives will remain unchanged.
Risk parameters for allowances derivatives were updated 25 November and will not be a part of this update.
For Nordic and German electricity derivatives, only minor adjustments will be made to the volatility curves (margin curves). Updated margin curves can be found at www.nasdaqomxcommodities.com/clearing/riskmanagement/margincurves.
Details about the parameters can also be found on our File Transfer Protocol (FTP) server.
Currency exchange rates and haircut rate for pre-delivered EU allowances will also be updated.
For further information, please contact NASDAQ OMX Commodities:
Kjersti Ulset, Managing Director, Risk Management European Commodities,
phone +47 6710 8415/+47 4828 1600
Press contact:
Sara Aadnesen, Director Communication, phone +47 6752 8080/+47 9060 0759
About NASDAQ OMX
The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with more than 3,500 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX first North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries. NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius.
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About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm 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.nasdaqomxcommodities.com.
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The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.
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