The adjustment will be implemented, and the new requirements visible in clearing and settlement system (CASS), on Monday 15 March 2021. Members should arrange to have sufficient increases in collateral in place as soon as possible, however, by no later than the absolute deadline of Friday 26 March 2021 at 11:00 AM CET.
The Day Factor parameter will revert to 1 on Tuesday 6 April 2021.
For more information regarding how this will impact your required collateral, please see the Nord Pool Risk Calculator, noting the above increase in the Day Factor. Should you have questions, please do not hesitate to contact our Clearing Operations team.
The Clearing schedule for the Easter 2021 period can be found here.
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, the UK, Central Western Europe (covering Austria, Belgium, France, Germany, Luxembourg and The Netherlands) and Poland. Nord Pool is a Nominated Electricity Market Operator (NEMO) in 15 European countries, while also servicing power markets in Croatia and Bulgaria. In 2020 Nord Pool had a total turnover of 995 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 2021
For further information, please contact:
Nord Pool Clearing Operations, email@example.com