no 11/10 Adjustment of margins for Nordic financial electricity base contracts

Lysaker, 15 March 2010

NASDAQ OMX Commodities hereby notifies the 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. 

The risk intervals for Nordic financial electricity base contracts will be adjusted upward for contracts covering the front months. There will be no changes for contracts further out on the curve. A graphical representation of the changes can be found at /en/asa/clearing/Risk-management/Margin-curves/ risk management .

The new risk intervals will have impact on the calculation of daily margin calls, for which collateral must be posted by 11.00 CET on Wednesday 17 March 2010.
For further information, please contact NASDAQ OMX Commodities: 

Trond Svensgaard, vice president, clearing risk management - Europe, 
phone +47 6710 8412/+47 9012 3679

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