About the Clearing House -
governance, strategy, rules, policies and financial statements
exploreNasdaq 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: Sonja Daltung (former Board Member of the Swedish Financial Supervisory Authority and former Director General of the Swedish Agency for Growth Policy Analysis)
- BOARD MEMBER: John Zecca, Executive Vice President and Chief Legal, Risk and Regulatory Officer, Nasdaq
- BOARD MEMBER: Chantal Wessels, Vice President, Nasdaq
- BOARD MEMBER: Roland Chai, Executive Vice President, Market Technology, Nasdaq
MANAGEMENT
- CHIEF EXECUTIVE OFFICER: Daniela Peterhoff
- CHIEF RISK OFFICER: Irina Slinko
- CHIEF TECHNOLOGY OFFICER: Gustaf von Boisman
- CHIEF OPERATING OFFICER: Henrik Selhammer
- CHIEF COMPLIANCE OFFICER: Jan Axelsson
- STRATEGY AND CLIENT RELATIONS: Göran Bolin
- INTERNATIONAL AFFAIRS: Erica 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 (interim) - Lars Nyberg
MANAGEMENT COMMITTEES
- NASDAQ CLEARING RISK COMMITTEE: Chair - Daniela Peterhoff
- DEFAULT COMMITTEE: Chair - Patrik Löhr
- RECOVERY COMMITTEE: Chair - Daniela Peterhoff
Rulebook
This section contains links to our rulebook.
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
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Årsredovisning 2020 Nasdaq Clearing AB Download Årsredovisning 2020 Nasdaq Clearing AB
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Annual Report 2020 Nasdaq Clearing AB Download Annual Report 2020 Nasdaq Clearing AB
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Årsredovisning 2019 Nasdaq Clearing AB Download Årsredovisning 2019 Nasdaq Clearing AB
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Annual Report 2019 Nasdaq Clearing AB Download Annual Report 2019 Nasdaq Clearing AB
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Årsredovisning 2018 Nasdaq Clearing AB Download Årsredovisning 2018 Nasdaq Clearing AB
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Annual Report 2018 Nasdaq Clearing AB Download Annual Report 2018 Nasdaq Clearing AB
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Årsredovisning 2017 Nasdaq Clearing AB Download Årsredovisning 2017 Nasdaq Clearing AB
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Annual Report Nasdaq Clearing AB 2017 Download Annual Report Nasdaq Clearing AB 2017
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Årsredovisning 2016 Nasdaq Clearing AB Download Årsredovisning 2016 Nasdaq Clearing AB
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Annual Report Nasdaq Clearing AB 2016 Download Annual Report Nasdaq Clearing AB 2016
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Årsredovisning 2015 Nasdaq Clearing AB Download Årsredovisning 2015 Nasdaq Clearing AB
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Annual Report 2015 Nasdaq Clearing AB Download Annual Report 2015 Nasdaq Clearing AB
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Nasdaq Clearing AB Disclosure Report Download Nasdaq Clearing AB Disclosure Report
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List of Clearing Members in Category 1 Download List of Clearing Members in Category 1
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Quantitative Disclosure Q4 2021 Download Quantitative Disclosure Q4 2021
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Quantitative Disclosure Q3 2021 Download Quantitative Disclosure Q3 2021
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Quantitative Disclosure Q2 2021 Download Quantitative Disclosure Q2 2021
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Quantitative Disclosure Q1 2021 Download Quantitative Disclosure Q1 2021
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Quantitative Disclosure Q4 2020 Download Quantitative Disclosure Q4 2020
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Quantitative Disclosure Q3 2020 Download Quantitative Disclosure Q3 2020
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Quantitative Disclosure Q2 2020 Download Quantitative Disclosure Q2 2020
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Quantitative Disclosure Q1 2020 Download Quantitative Disclosure Q1 2020
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Quantitative Disclosure Q4 2019 Download Quantitative Disclosure Q4 2019
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Quantitative Disclosure Q3 2019 Download Quantitative Disclosure Q3 2019
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Quantitative Disclosure Q2 2019 Download Quantitative Disclosure Q2 2019
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Quantitative Disclosure Q1 2019 Download Quantitative Disclosure Q1 2019
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Quantitative Disclosure Q4 2018 Download Quantitative Disclosure Q4 2018
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Quantitative Disclosure Q2 2018 Download Quantitative Disclosure Q2 2018
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Quantitative Disclosure Q1 2018 Download Quantitative Disclosure Q1 2018
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Quantitative Disclosure Q4 2017 Download Quantitative Disclosure Q4 2017
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Quantitative Disclosure Q3 2017 Download Quantitative Disclosure Q3 2017
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Quantitative Disclosure Q2 2017 Download Quantitative Disclosure Q2 2017
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Quantitative Disclosure Q1 2017 Download Quantitative Disclosure Q1 2017
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Quantitative Disclosure Q4 2016 Download Quantitative Disclosure Q4 2016
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Quantitative Disclosure Q3 2016 Download Quantitative Disclosure Q3 2016
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Quantitative Disclosure Q2 2016 Download Quantitative Disclosure Q2 2016
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Quantitative Disclosure Q1 2016 Download Quantitative Disclosure Q1 2016
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Quantitative Disclosure Q4 2015 Download Quantitative Disclosure Q4 2015
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Quantitative Disclosure Q3 2015 Download Quantitative Disclosure Q3 2015
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Remuneration Policy Download Remuneration Policy
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Disclosure of information about remuneration Nasdaq Clearing AB 2020 Download Disclosure of information about remuneration Nasdaq Clearing AB 2020
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Complaints Procedure Download Complaints Procedure
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Complaints Management Policy Download Complaints Management Policy