Nord Pool Spot gives notice that the collateral requirements will be increased during the Christmas period. The adjustment is in accordance with the Standard Terms for Trading and Clearing in Nord Pool Spot’s markets.
The adjustment is made in order to cover the period of non-clearing days during Christmas.
The adjusted collateral requirement will be increased by two days and will be calculated based on nine days’ net purchase.
The collateral requirement must be posted by 11.00 a.m. on Monday 19 December 2011.
The collateral requirement will be reduced to seven days’ net purchase on Wednesday 4 January 2012.
About Nord Pool Spot
Nord Pool Spot runs the leading power market in Europe and offers both day-ahead and intraday markets to its customers. 350 companies from 18 countries trade on the market. The Nord Pool Spot group has offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. In 2010 the group had a total turnover of 310 TWh, which includes the auction volume in the UK market N2EX.
Lysaker, 7 December 2011
For further information, please contact Nord Pool Spot
Christian B. Nilsen, CFO, phone +47 67 10 91 00