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Risk management treatment of the N2EX EFA month and week contracts

Lysaker, 4 October 2010

Risk management treatment of the N2EX EFA month and week contracts

The EFA month and EFA week contracts will be available for clearing with N2EX from Tuesday 5 October.

Risk Management at NASDAQ OMX Stockholm AB has now completed their risk review of these contracts and made some minor changes to the initial margin parameters. The changes are summarized in the graph below and fully set out on the website at www.n2ex.com/Clearing/riskmanagement/ - option ‘Risk Parameters’.

All adjustments are in accordance with the clearing rules for N2EX.

In summary the initial margin curve/delivery margin curve (IM/DM curve) has been slightly adjusted downwards in the short end and extended to cover the new month contracts:

 

For further information, please contact NASDAQ OMX Commodities:

Kjetil Bundli, Risk Analyst Commodities, phone +47 6710 8441/+47 9900 3690

Trond Svensgaard, Head of Clearing Risk Management Commodities,
phone +47 6710 8412/+47 9012 3679

Press contacts:
Trine Fersnes Riccardi, Communications Manager, Corporate Communications, NASDAQ OMX Commodities,
phone +47 6752 8080/+47 9574 7497

About N2EX
N2EX is the name of the UK power market offering from NASDAQ OMX Commodities and Nord Pool Spot. NASDAQ OMX Stockholm AB is the authorised clearing house.

The web site, www.n2ex.com, provides market information and documentation for the UK power market.

About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for offerings related to commodities within the NASDAQ OMX Group, Inc and is not a legal entity. NASDAQ OMX Commodities provides access to the world’s largest power derivatives exchange and one of Europe’s largest carbon markets, through Nord Pool ASA. Nord Pool ASA is a commodity derivatives exchange authorised by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. NASDAQ OMX Commodities also provides clearing services through NASDAQ OMX Stockholm AB and its Norwegian branch NASDAQ OMX Oslo, acting as an authorised clearing house. N2EX is the brand name for NASDAQ OMX Commodities’ and Nord Pool Spot AS offering in the UK power market and NASDAQ OMX Stockholm AB is the authorised clearing house.

NASDAQ OMX Commodities has more than 370 members from almost 20 countries covering a wide range of energy producers, consumers and financial institutions.

For more information about NASDAQ OMX Commodities, visit www.nordpool.com and www.nasdaqomx.com/Commodities.

About Nord Pool Spot
Nord Pool Spot runs the largest market for electrical energy in the world, offering both day-ahead and intraday markets to its participants. 330 companies from 20 countries trade on the exchange. The Nord Pool Spot group has offices in Oslo, Helsinki, Stockholm, Fredericia (Denmark), Tallinn and London. Nord Pool Spot is owned by the Nordic transmission system operators. In 2009, the group had a turnover of 287 TWh representing a value of EUR 10.8 billion.

For more information, visit www.nordpoolspot.com.

This document is being directed solely at and may only be communicated to persons: (i) who have professional experience in matters relating to investments as defined in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO") or, (ii) who are high net worth companies, unincorporated associations and trustees of high value trusts within Article 49(2)(a)-(d) of the FPO, or (iii) to whom it may otherwise be lawful to distribute it (all such persons together being referred to as "Relevant Persons"). Any investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.


 
 

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