Oslo, 2013-12-16 14:11 CET (GLOBE NEWSWIRE) --
Risk parameters for German Electricity Contracts have been reviewed due to observed increase in market volatility.
The updated parameters will have impact on the calculation of the daily margin requirement for which collateral must be posted by 10:30 CET on Tuesday, December 17, 2013.
Margin curves for German Electricity Contracts are increased in the front end of the curve due to increased volatility. The change will result in higher margins for naked positions in close to delivery contracts. The correction factors for German EPADs (EDEFR, EDEBE, EDECZ, EDEFR) are scaled up, which will also result in increase of margin requirement for positions in these contracts.
Updated margin curves can be found at:
http://www.nasdaqomx.com/trading/commodities/...gincurves/
Details about the new risk parameters can also be found on our File Transfer Protocol (FTP) server.
For further information, please contact NASDAQ OMX Commodities:
Kjersti Ulset, Head of Risk Management European Commodities, phone +47 6710 8415/+47 4828 1600, kjersti.ulset@nasdaqomx.com
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaqomx.com
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About NASDAQ OMX Commodities
NASDAQ OMX Commodities is the brand name for the NASDAQ OMX Group’s worldwide suite of commodity related products and services. The NASDAQ OMX Commodities offerings include power, natural gas and carbon emission markets and clearing services. NASDAQ OMX Commodities is a trademark of the NASDAQ OMX Group, Inc.
NASDAQ OMX Commodities Europe is the trade name of NASDAQ OMX Oslo ASA which is authorized as a commodity derivatives exchange by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with NASDAQ OMX Commodities Europe are subject to clearing with NASDAQ OMX Clearing.
NASDAQ OMX Clearing is the trade name of NASDAQ OMX Stockholm AB which is authorized and supervised as a multi-asset clearinghouse by the Swedish Financial Supervisory Authority in Sweden as well as authorized to conduct clearing operation in Norway by the Norwegian Ministry of Finance.
For more information, visit www.nasdaqomx.com/commodities
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