Dear Member,
Nord Pool is monitoring the current market circumstances very closely to ensure the continued safeguarding of all Nord Pool markets and those who trade with us. The level of margin model parameters we have at present appears appropriate considering the situation we are seeing. We will, of course, keep a close eye on these margins while the situation continues and reassess them as required.
We urge all members to monitor their collateral calls closely and take appropriate action to increase collateral where needed, to avoid any potential suspension from the markets.
Nord Pool has always advised members to have enough headroom in their collateral to cover weekends and any unforeseen extreme market conditions. However, we especially advise you to do so during the present situation. How large such headroom should be can vary, depending on each member’s trading patterns. As a general recommendation though, we advise that any buffer should give at least 20% excess above the daily collateral requirement, as a minimum.
We recognise that these are challenging times for all our members, and we would like to thank you all for your understanding and cooperation.
We are here to help – so please do not hesitate to contact clearing@nordpoolgroup.com if you have any questions or require assistance.
Nord Pool is monitoring the current market circumstances very closely to ensure the continued safeguarding of all Nord Pool markets and those who trade with us. The level of margin model parameters we have at present appears appropriate considering the situation we are seeing. We will, of course, keep a close eye on these margins while the situation continues and reassess them as required.
We urge all members to monitor their collateral calls closely and take appropriate action to increase collateral where needed, to avoid any potential suspension from the markets.
Nord Pool has always advised members to have enough headroom in their collateral to cover weekends and any unforeseen extreme market conditions. However, we especially advise you to do so during the present situation. How large such headroom should be can vary, depending on each member’s trading patterns. As a general recommendation though, we advise that any buffer should give at least 20% excess above the daily collateral requirement, as a minimum.
We recognise that these are challenging times for all our members, and we would like to thank you all for your understanding and cooperation.
We are here to help – so please do not hesitate to contact clearing@nordpoolgroup.com if you have any questions or require assistance.
Nord Pool desk
| T: +47 6710 9110 (Day-ahead desk) | E: dayahead@nordpoolgroup.com |
| T: +47 6710 9115 (Intraday desk) | E: intraday@nordpoolgroup.com |