no 11/17 Risk Parameter Update CS4TC and CS5TC h
Post# of 301275
CS4TC and CS5TC have been merged into one risk group.
As of 2017-01-01 all contracts on the Dry Freight Time Charter basket corresponding to the Risk Group CS4TC is priced with a fixed differential (-1064 USD) from the Time Charter basket risk group, CS5TC.
Contracts in CS4TC and CS5TC will have the same naked margin, and allow 100% netting of contracts on the same time period, as well as offer time spread credit between CS4TC and CS5TC contracts on different time periods. The total margin requirements are expected to decrease for portfolios with opposite positions in CS4TC and CS5TC, due to the improved netting between them.
The risk group update will become effective in the intra-day margin calculation at 9 am CET on Monday, February 20, 2017.
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.
F or further information, please contact Nasdaq Commodities:
Risk Management: clearing .risk@nasdaq.com , +47 6710 8426
Freight & Seafood: freight@nasdaq.com
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.
Nasdaq Oslo ASA is the commodity derivatives exchange authorized by the Norwegian Ministry of Finance and supervised by the Norwegian Financial Supervisory Authority. All trades with Nasdaq Oslo ASA are subject to clearing with Nasdaq Clearing.
About Nasdaq Clearing
Nasdaq Clearing is the trade name of Nasdaq 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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