no 88/08 Adjustment of margins for Nordic financial electricity base contracts


Lysaker, 24 November 2008

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

The risk intervals will have an upward adjustment covering the year 09 until year 13. 

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 26 November 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

Kjetil Bundli, risk management, 
phone +47 6710 8441 /+47 9900 3690