Nord Pool would like to make you aware that the day-factor parameters used in our margin model for the calculation of collateral calls is being adjusted from 3 to 4 for the UK market, and to 5 for Nordics, Baltics and CE markets.
The adjustment will be implemented, and the new requirements visible in clearing and settlement system (CASS), on Thursday April 2. Members should arrange to have sufficient increases in collateral in place as soon as possible, however, by no later than the absolute deadline of Monday 6 April at 11:00 AM CET.
The Day factor parameter will be adjusted back on Tuesday 14 April, 2020.
For more information regarding how this will impact your required collateral, please see the Nord Pool Risk Calculator.
Should you have questions, please do not hesitate to contact our Clearing Operations team.
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, France, the Netherlands, Belgium, Austria and the UK. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2019 Nord Pool had a total turnover of 494 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.
Oslo, 9 March 2020
For further information, please contact:
Nord Pool Clearing Operations, email@example.com