Effective March 16th 2015, Nasdaq Clearing will adjust the interest compensation on cash contributions to the default fund and margin requirements for EUR and DKK.
EUR
The interest compensation on cash contributions in Euro related to margin requirements will be improved with 5 basis points. The new NDR will be EONIA minus 25 basis points.
DKK
The reference rate for determine NDR will change from the Danish Repo rate to the Danish Certificate of Deposit rate. In addition the spread will be adjusted to 30 basis points. The new NDR will be Certificate of Deposits minus 30 basis points.
SEK, NOK, USD and GBP will remain unchanged. Current rates can be found on the Nasdaq Clearing CMS Web.
The interest on cash contribution related to the default fund is NDR plus 25 basis points.
| Currency | Current NDR | New NDR | Default Fund |
| EUR | EONIA -30bp | EONIA -25bp | NDR+25bp |
| DKK | Repo rate - 50 bp | Certificate of Deposit Rate –30bp | NDR+25bp |
For further information, please contact Collateral Management team:
Telephone+46 8 405 6881
Email: cms@nasdaq.com
Press contact:
Sara Aadnesen, Director Communication, phone +47 9060 0759, sara.aadnesen@nasdaq.com
About NASDAQ
The inventor of the electronic exchange, The NASDAQ Group, Inc., fuels economies and provides transformative technologies for the entire lifecycle of a trade - from risk management to trade to surveillance to clearing. In the US and Europe, we own and operate 24 markets, 3 clearinghouses and 5 central securities depositories supporting equities, options, fixed income, derivatives, commodities, futures and structured products. Able to process more than 1 million messages per second at sub-40 microsecond speeds with 99.999% uptime, our technology drives more than 70 marketplaces in 50 developed and emerging countries into the future, powering 1 in 10 of the world’s securities transactions. Our award-winning data products and worldwide indexes are the benchmarks in the financial industry. Home to approximately 3,400 listed companies worth $5.1 trillion in market cap whose innovations shape our world, we give the ideas of tomorrow access to capital today. Welcome to where the world takes a big leap forward, daily. Welcome to the NASDAQ Century. To learn more, visit www.nasdaq.com. Follow us on Facebook (http://www.facebook.com/NASDAQ) and Twitter (http://www.twitter.com/nasdaq). (Symbol: NDAQ and member of S&P 500)
About NASDAQ Commodities
NASDAQ Commodities is the brand name for the NASDAQ Group’s worldwide suite of commodity related products and services. The NASDAQ Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ Commodities is a trademark of the NASDAQ Group, Inc.
NASDAQ Commodities Europe is the trade name of NASDAQ 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 Commodities Europe are subject to clearing with NASDAQ Clearing.
NASDAQ Clearing is the trade name of NASDAQ 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.nasdaqcommodities.com.
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