no 04/08 Adjustment of margins for financial electricity contracts


Nord Pool Clearing hereby notifies the clearing members that the risk intervals, affecting the daily margin call, will be adjusted due to changes in volatility. 

Lysaker, 22 January 2008

The adjustments are in accordance with the clearing rules for the financial electricity market. 

The risk intervals will be increased for Nordic base financial electricity contracts in the front end including year-09.

The new risk intervals will have impact on the calculation of daily margin calls, for which collateral must be posted by 11.00 a.m. on Wednesday 23 January 2008.

For further information, please contact Nord Pool Clearing:  

Trond Svensgaard, head of risk management, phone +47 6710 8412/+47 9012 3679

Kristian Kloster, risk management, phone +47 6710 8415/+47 9593 1881