Nord Pool would like to inform members of a change to the day factor risk parameter used in our margin model for the calculation of collateral calls.
This will be adjusted from two days to three days, effective for collateral calls due 22 November 2018 at 11:00 CET.
The reason for the adjustment is the general surge in market prices compared to recent years, narrowing the spread between the risk price used in Nord Pool’s collateral model and average market price.
The adjustment is being implemented in accordance with section 15.4 of the clearing rules. The new collateral requirements will be visible in the clearing and settlement system (CASS) after the settlement run on 21 November 2018.
The adjusted parameters are also published online.
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 380 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 2017 Nord Pool had a total turnover of 512 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, 19 November 2018
For further information, please contact:
Nord Pool Clearing Operations, +47 6710 9125, email@example.com