How to become member

1. The following information should be stated in your application:

• A written confirmation stating that the application covers the N2EX physical market (Nord Pool Spot) and N2EX clearing house (NASDAQ OMX Stockholm AB).

• Contact information from the applicant:

1. The responsible contact person for the N2EX agreements in your company. Please provide e-mail address, phone/mobile number and registered address.
2. The responsible clearing department contact person determining the daily overnight position limit (former ‘trading limit’) of your company. Please provide e-mail address, phone/mobile number and registered address.

Enclosures:

The following information should be provided in your application:

• Company’s full name, registered address and registration number
• Most recent annual and interim reports approved by audit – for new companies, the opening balance sheet
• An original transcript of your company certificate (not older than one month) in English
• Complete signatory authorisation in English (not older than one month) of those persons entitled to sign any legal documents on behalf of the company.

2. Membership agreement, Nord Pool Spot AS 

To become a member of Nord Pool Spot N2EX you must submit:

• (2) two signed originals of participant agreement

Download

Trading agreement 1: participant agreement

3. Membership agreements, N2EX clearing house 

To become a member of Nasdaq OMX Stockholm AB you must submit:

• (2) two signed originals of the clearing membership agreement

Download

Clearing agreement B: clearing membership agreement

or

• (2) two signed originals of the clearing client agreement 

Download

Clearing agreement C: clearing client agreement

For more detailed information, please refer to the clearing rulebook.

Download

General terms: clearing rules

4. Bank accounts, N2EX clearing house 

To be able to participate in the N2EX market all members must open a cash collateral account and provide a cash settlement account in a settlement bank. You must submit:

• (2) two signed originals of the collateral security deed (this agreement includes the cash collateral account, schedule 3 of the collateral security deed).

Download

Clearing agreement E1: collateral security deed

Letter of credit/ bank guarantee is optional and may be used to cover collaterals in addition to the cash collateral account. If applicable submit:

• (1) one signed letter of credit/bank guarantee

Download

Clearing agreement E2: letter of credit

Clearing agreement E3: bank guarantee

As mentioned above, members must provide Nasdaq OMX Stockholm AB with a cash settlement account in a settlement bank. Please enter the cash settlement account information in annex 1: clearing accounts and ECV notification data.

For more detailed information, please see settlement bank and account requirements.

5. Base collateral 

Nasdaq OMX Stockholm AB will calculate a base collateral for each entity applying for membership. This base collateral has to be posted before trading and clearing can commence. For advice please contact credit@nasdaqomx.com.

6. Elexon  

Any party wishing to trade in the N2EX market would need to go through the process as a non-physical trader.
Please visit, Elexon’s website for guidance.
 

Please send a copy of your agreement with Elexon, together with the membership agreement package, and enter details of the energy account in annex 1 to clearing agreement B: clearing accounts and ECV notification data.

Download

Clearing agreement B: clearing membership agreement annex 1 + 2

Clearing agreement C: clearing client agreement annex 1 +2
 

7. VAT 

Please enter VAT number and registration number in annex 2 under contact details and authorisations.

Download

Clearing agreement B: clearing membership agreement annex 1 + 2

Clearing agreement C: clearing client agreement annex 1 +2

Please send the application including attachments to:

Nord Pool Spot AS
N2EX Sales
Att: Bente Handegård
P O Box 121
1325 Lysaker
Norway

If you choose to send the application by courier, please use the following address:

Nord Pool Spot AS
N2EX Sales
Att: Bente Handegård
Vollsveien 19, 3rd floor
1366 Lysaker
Norway

The application can alternatively be sent electronically by e-mail to bih@npspot.com. All documentation must be enclosed as .pdf files.

If you have any questions, please contact the persons below:
 

Applying for membership

Issues regarding a membership in the physical N2EX - market:
N2EX sales manager Richard Sarti
rs@npspot.com
phone 44 782 530 0098

Membership documents:
Bente Handegård
bih@npspot.com
phone 47 6752 8129