As of 1st of January 2015 Nasdaq complements its existing client rebate model for fixed income derivatives with two new alternatives.
The new rebate models accounts for clearing activity generated on a single or multiple set of clearing accounts across all fixed income derivatives regardless of underlying currency (including OTC). End clients need to apply for the new rebate models before December 15, if no choice is made one will remain on the existing rebate model. For more information on the new rebate models please contact your Clearing Broker or Nasdaq directly.
In addition to the new rebate models Nasdaq will also implement new routines for calculating rebate amounts. The quarterly repayments will, starting 1st of January 2015, be replaced by a new routine that applies discounts T+1 according to the applicable rebate model (T denotes the day the rebate criteria is met).
For further information concerning this exchange notice please contact Robert Bernstone or Henrik Jerberyd, telephone +46 8 405 60 00.
Robert Bernstone Henrik Jerberyd
Key Account Manager Product Manager
Fixed Income markets Fixed Income markets
