A new requirement will take place December 1 st and is presented in the Default Fund Requirement and Evaluation report which can be found in Genium INET Clearing Workstation.
The requirement for upcoming quarter is shown under column heading “Required Contribution (2015-12-01)”. If your current collateral value doesn’t cover your upcoming requirement, please make sure you meet your requirement on time. Posted contributions shall be transferred and settled on Nasdaq bank or CSD/ICSD accounts no later than CET 11:00 on December 1 st 2015. All transactions to the Default Fund shall be marked with the Contribution Reference (Default Fund custody account number).
Please review our SSI before posting default fund contributions to make sure you are using the correct one. You will find the SSI here .
Please note that negative interest is capitalized on a monthly basis and will reduce the collateral balance accordingly. If deficit on the default fund account no adjusted base collateral will apply.
For further information about the Default Fund, please visit the Default Fund website or contact us using the details below.
Media contact:
Sara Aadnesen, Director Corporate Communications, phone +47 9060 0759, sara.aadnesen@nasdaq.com
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About Nasdaq Commodities
Nasdaq Commodities is the brand name for the worldwide suite of commodity related products and services offered by Nasdaq. The Nasdaq Commodities offerings include power, natural gas and carbon emission markets, tanker and dry cargo freight, fuel oil, seafood derivatives, iron ore, electricity certificates and clearing services.
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About Nasdaq Clearing
Nasdaq Clearing is the trade name of NASDAQ OMX Clearing 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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