Risk Management: Risk Management 5/21: Changes to eligible collateral

Notification of changes to: Appendix 14 of the Clearing Rules of Nasdaq
Derivatives Markets - Collateral List 

Nasdaq Clearing AB is pleased to introduce certain VPS registered Norwegian
securities as eligible collateral from April 7, 2021. 

As part of our plans for 2021, margin and capital efficiency is a priority.
Upon request from our Clearing Members, Nasdaq Clearing AB has decided to
introduce a new type of collateral, which allow Norwegian members to place
certain VPS registered Norwegian securities as collateral through the Norwegian
custodian DNB. The Eligible collateral list will include VPS registered
Norwegian bonds, covered bonds with floating interest rate and Norwegian
equities. A certain limit will apply for a total value of Norwegian securities
per member. 

DNB as Custodian to Nasdaq Clearing will hold Norwegian securities assets on
behalf of Nasdaq Clearing and its Norwegian members. Norwegian members wanting
to place VPS registered Norwegian securities as collateral to Nasdaq Clearing
through DNB will have to become - if they are not already - customers of DNB 

Please note that Norwegian members will not be able to place Norwegian equities
as collateral in Euroclear Bank, only Norwegian bonds are allowed as collateral
in Euroclear Bank. 

There are some preparations for Norwegian members that want to use this type of
collateral. Please contact your Key Account Manager for further information 

For an updated Appendix 14, Collateral list, see attached.

For further information regarding this exchange notice please contact Göran
Bolin, Deputy President Nasdaq Clearing, phone [phone],
[e-mail]

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=849622