As a consequence of MiFID II, pre-novation was removed for Seafood at November 20, 2017. Nasdaq Clearing consider it necessary to introduce a new collateral deficit limit to the Intra-Day Limit Policy for Seafood Market Participants with immediate effect.
For Commodities Market Participants that are active in the Seafood market the following limits apply:
- Collateral deficit limit in absolute terms: 600 000 EUR
- Collateral deficit limit in relative terms: 10 %
The policy is available on our web page under this link:
http://business.nasdaq.com/media/Intraday-limit-policy_tcm5044-30731.pdf
For further information, please contact Nasdaq Commodities:
Risk Management, clearing.risk@nasdaq.com or telephone +46 8 405 7088.
Media contact:
David Augustsson, Corporate Communication, phone +46 734496135, david.augustsson@nasdaq.com
About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,600 listed companies with a market value of over $8.8 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com/ambition or www.nasdaqomx.com.
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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