As announced on the 4th March 2014, NASDAQ OMX Commodities and Nord Pool Spot have reached an agreement on the transfer of the clearing & settlement functions of N2EX.
This will take effect on the 1st October 2014 and will give Nord Pool Spot sole ownership and control of N2EX’s short-term physical market.
On April 28th we published the N2EX Transfer - Member Information pack which provided members with general information relating to the transfer.
Today we have published the N2EX Transfer - Technical Migration document which provides members with further detail on how the technical migration from the NASDAQ OMX CCP to the Nord Pool Spot CCP will be handled.
It covers:
· Details of the Technical Migration to the new CCP
· Overview of Involved Entities
· Procedure for gathering new ECVNA IDs and Keys
· Settlement & Invoicing during the technical migration
· Collateral requirements during the technical migration
The Technical Migration document has been published in the N2EX Transition section of the N2EX member area on www.N2EX.com .
If you do not have a username and password to access the member area, please contact Emma McKiernan: emk@npspot.com
For further information, please contact N2EX:
Emma McKiernan, Client Relationship Manager, +44 7887 744 700, emma.mckiernan@npspot.com
Mark Hartland, Trading Advisor +44 203 697 7735, mark.hartland@npspot.com