About the Clearing House -

governance, strategy, rules, policies and financial statements

This Solution Helps

  • Banks
  • Brokers
  • Investment Managers
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Nasdaq Clearing has a unique offering of clearing across multiple asset classes, primarily in Nordic derivatives, available to international and regional members and investors.

Our clearing model includes risk management to the highest standards, a wide collateral list, integrated clearing of exchange traded instruments as well as an OTC offering in multiple currencies

Strategy

Our Mission is to deliver services for capital efficient management of risk, that empower businesses and investors to succeed while safeguarding the financial stability in the markets we operate.

Nasdaq Clearing’s strategic plan is to build a preeminent European CCP by focusing the core business, seizing opportunities through diversification across the value chain and to be a catalyst for economic growth built on a foundation of technology, innovation and sustainability.

The CCP will continue to extend its business across the European landscape with a firm anchoring in the Nordic markets.

 

Governance

For details on the Board of Directors, committees and management.

BOARD OF DIRECTORS OF NASDAQ CLEARING AB 

  • CHAIRMAN: Bjørn Sibbern, Executive Vice President and President of European Markets
  • INDEPENDENT BOARD MEMBER: Lars Nyberg (former Board Member of the Swedish Financial Supervisory Authority and former Deputy Governor of the Swedish Central Bank)
  • INDEPENDENT BOARD MEMBER: Karolina Ekholm, Professor of Economics at Stockholm University
  • BOARD MEMBER: Tomas Thyblad, VP and Head of ESG Solutions, European Markets
  • BOARD MEMBER: Chantal Wessels, Vice President, Nasdaq
  • BOARD MEMBER: Roland Chai, Global Chief Risk Officer, Nasdaq


MANAGEMENT 

  • CHIEF EXECUTIVE OFFICERJulia Haglind
  • CHIEF RISK OFFICER: Irina Slinko
  • CHIEF TECHNOLOGY OFFICER: Michael Nolte
  • CHIEF OPERATING OFFICER: Henrik Selhammer
  • CHIEF COMPLIANCE OFFICER: Jan Axelsson
  • STRATEGY AND CLIENT RELATIONS: Göran Bolin
  • PRODUCT DEVELOPMENT: Gustaf von Boisman
  • INTERNATIONAL AFFAIRSErica Brown
  • HEAD OF CLEARING RISK: Patrik Löhr

 

BOARD COMMITTEES 

  • MEMBER RISK COMMITTEE: Chair - Lars Nyberg. Members - SEB, Swedbank, Uniper, Fortum, Société Générale, Vattenfall, Danske Bank, ABN Amro, AMF, Axpo. Member Risk Committee Charter
  • REMUNERATION COMMITTEE: Chair - Lars Nyberg
  • AUDIT COMMITTEE: Chair - Karolina Ekholm

 

MANAGEMENT COMMITTEES 

  • NASDAQ CLEARING RISK COMMITTEE: Chair - Julia Haglind
  • DEFAULT COMMITTEE: Chair - Patrik Löhr
  • RECOVERY COMMITTEE: Chair - Julia Haglind

Rulebook

This section contains links to our rulebook.

Legal Framework

For details on legal framework and legal status of Nasdaq Clearing AB.

LEGAL FRAMEWORK

In Sweden, clearing is primarily governed by the following acts:

  • Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (EMIR)
  • Securities Market Act (2007:528)
  • Systems for the Settlement of Obligations on the Financial Market Act (1999:1309)
  • Financial Instruments Trading Act (1991:980)
  • Rights of Priority Act (1970:979)
  • Swedish Bankruptcy Act (1987:672)
  • Financial Instruments Accounts Act (1998:1479)

In addition to the above-mentioned acts and Norwegian legislation applicable in respect of the Oslo Branch of the Company, Nasdaq Clearing has issued Rules applicable to its clearing activities in relation to Nasdaq Derivatives Markets and Nasdaq Commodities, respectively. The Rules, together with the membership agreements, constitute the contractual framework governing the relationship between Nasdaq Clearing and its members. The Rules become binding for members through the execution of the member agreement. The governing law for the contractual relationships between Nasdaq Clearing and the respective member is:

  • Swedish law (for Nasdaq Derivatives Markets); and
  • Norwegian law (for Nasdaq Commodities)


THE LEGAL STATUS OF NASDAQ CLEARING AB

Nasdaq Clearing AB, a private limited company incorporated in Sweden and subject to Swedish company law, is authorized and supervised as a multi-asset clearing house by the Swedish Financial Supervisory Authority and is also authorized to conduct clearing operations via its Norwegian branch Nasdaq Oslo by the Norwegian Ministry of Finance. As the first CCP in Europe, Nasdaq Clearing received authorization under Regulation (EU) No 648/2012 of the European Parliament and of the Council of 4 July 2012 on OTC derivatives, central counterparties and trade repositories (“EMIR”) in March 2014.

The clearing system has been approved by Finansinspektionen as a settlement system according to Systems for the Settlement of Obligations on the Financial Market Act and as such notified to the European Securities and Markets Authority (ESMA). The Norwegian Financial Supervisory Authority has also approved the clearing system under corresponding Norwegian legislation.

Nasdaq Clearing has arrangements in place with relevant Central Securities Depositories in accordance with applicable laws and regulations.

Business Continuity Plan

Nasdaq Clearing has business continuity and disaster recovery arrangements in place.

Resource Center

Membership within Nasdaq Clearing AB

Clearing Services

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