The minimum collateral call is equal to NOK/SEK/DKK 100,000 or EUR 12,500, and the posted security covers both the Elspot and Elbas markets. The basis for the collateral call calculation is the last seven days net traded positions, including VAT. The minimum collateral is included in the total collateral call. The collateral call of the two markets is netted daily according to the invoice date.
Nord Pool Spot AS hereby gives notice that the minimum collateral call will be increased. The adjustment is in accordance with the Rulebook for Nord Pool Spot’s physical markets. This is done to offset potential loss from participants trading at Nord Pool Spot’s physical markets.
The minimum collateral call will be adjusted to EUR 30,000, or NOK/SEK/DKK 240,000.
The new minimum collateral call will be in effect starting 23 May 2008.
Lysaker, 22 April 2008
For further information, please contact Nord Pool Spot:
Morten Landrø, risk manager, phone +47 6752 8087 /+47 9222 3355
Karri Mäkelä, director sales and marketing, phone +358 9 6840 4810 / + 358 40 732 0860