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 1 to 3 for Nordics, Baltics and CE markets.
This temporary change in the adjustment of day factor is due to the holiday period in which banks remain closed during public holidays and settlement will not be run on these days.
The adjustment will be implemented, and the new requirements visible in clearing and settlement system (CASS) on Tuesday December 15. Members should then arrange to have sufficient increases in collateral in place as soon as possible, however, by no later than the absolute deadline of Friday 18 December at 11:00 AM CET.
The day factor will be adjusted back on Monday 4 January, 2021.
For more information regarding how this will impact your required collateral, please see the Nord Pool Risk Calculator.
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, Poland, 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, 26 November 2020
For further information, please contact:
Nord Pool Clearing Operations, email@example.com