Nord Pool Spot is happy to introduce Aggregated Collateral Arrangements, a brand new service, for members of both its Nordic/Baltic and GB-based N2EX markets from 27 November 2014.
Aggregated Collateral Arrangements will allow members who trade in both our markets to have their collateral requirements calculated on an aggregate basis, enabling such members to provide a single aggregated pool of collateral as security for their total exposure to Nord Pool Spot. A key benefit of the new arrangements for members will be a reduction in their overall collateral costs and working capital requirements.
The planned launch date for this service is Thursday 27 November 2014. Due to the new service we have amended the Rulebook (Trading rules – General terms, Clearing rules and Definitions) for both the Nordic/Baltic and UK markets. Members can view Nord Pool Spot’s revised rules relating to the new service here for the Nordic/Baltic market as well as the UK market N2EX.
About Nord Pool Spot
Nord Pool Spot operates Europe’s leading power markets, offering both day-ahead and intraday trading to its members. 370 companies from 20 countries trade on Nord Pool Spot’s markets in the Nordic and Baltic regions, and on our UK market N2EX. In 2013 the group had a total turnover of 493 TWh traded power. Our markets are operated from offices in Oslo, Stockholm, Helsinki, Copenhagen, Tallinn and London. Nord Pool Spot strives continually to strengthen its business by working with integrity, together with members and stakeholders, to achieve excellence.
Lysaker, 20 November 2014
For more information please contact:
Stina Johansen, Head of Communications, +47 916 50 603 (press inquiries)