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02 April 2019 09:10

Adjustment to parameters in the Nord Pool collateral model and Easter clearing schedule

Nord Pool would like to make you aware that the risk price parameters used in our margin model for the calculation of collateral calls are being adjusted. 

To account for bank holidays during the Easter period, the Day Factor in the collateral model will be adjusted from 3 to 5 days. The Day Factor will be reduced back down to 3 days on Tuesday 23 April, bringing collateral requirements back to the regular level by Wednesday, 24 April.

The Risk Price parameter will also be adjusted.

The adjustment is in accordance with the Standard Terms for Trading and Clearing in Nord Pool’s markets.

The adjustment will be implemented, and the new requirements visible in our Clearing and Settlement system, CASS, on the afternoon of Wednesday 10 April. Members should then arrange to have sufficient increases of collateral in place as soon as possible, however, by no later than the absolute deadline of 11:00 CET Friday 12 April.

Included is the Nord Pool clearing schedule for Easter 2019, outlining the dates over this period on which invoicing and cash settlements will occur.

About Nord Pool
Nord Pool, Europe’s leading power market, delivers efficient, simple and secure trading across Europe. The company offers day-ahead and intraday trading, clearing and settlement to customers regardless of size or location. Today 360 companies from 20 countries trade on Nord Pool’s markets.

Nord Pool operates markets in the Nordic and Baltic regions, Germany and the UK, and is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2018 Nord Pool had a total turnover of 524 TWh traded power. The company has offices in Oslo, Stockholm, Helsinki, Tallinn, London and Berlin.

Nord Pool has 25 years of power market experience built on offering flexibility, transparency, innovation, greater choice and participation to our customers.

Lysaker, 2 April 2019

For further information, please contact:
Nord Pool Clearing Operations, [email protected]


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Nord Pool logo

    Nord Pool AS

    Tel. +47 6710 9100

    P.O. Box 121

    1325 Lysaker, Norway

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