Our Offering
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
Legal Framework
Clearing Governance
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)
- Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and resolution of central counterparties.
- 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)
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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)
- Regulation (EU) 2021/23 of the European Parliament and of the Council of 16 December 2020 on a framework for the recovery and resolution of central counterparties.
- 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.
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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.
Related Content
Rulebook
Business Continuity Plan
Nasdaq Clearing has business continuity and disaster recovery arrangements in place.
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Nasdaq Clearing has business continuity and disaster recovery arrangements in place.
Member Portal & Market Notices
Support
For Questions About |
By Phone or Email |
---|---|
Clearing Operations |
+46 8 405 6880 |
Member & Account Configuration |
|
Risk Management |
+46 8 405 7088 |
Commodities Product Management |
+46 8 405 6970 |
Genium INET Technical Support |
+46 8 405 6750 |
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For Questions About
By Phone or Email
Clearing Operations
+46 8 405 6880
Member & Account Configuration
Risk Management
+46 8 405 7088
Commodities Product Management
+46 8 405 6970
Genium INET Technical Support
+46 8 405 6750
General Questions?
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Resource Center
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- Årsredovisning 2023 Nasdaq Clearing AB
- Annual Report 2023 Nasdaq Clearing AB
- Årsredovisning 2022 Nasdaq Clearing AB
- Annual Report 2022 Nasdaq Clearing AB
- Årsredovisning 2021 Nasdaq Clearing AB
- Annual Report 2021 Nasdaq Clearing AB
- Årsredovisning 2020 Nasdaq Clearing AB
- Annual Report 2020 Nasdaq Clearing AB
- Årsredovisning 2019 Nasdaq Clearing AB
- Annual Report 2019 Nasdaq Clearing AB
- Årsredovisning 2018 Nasdaq Clearing AB
- Annual Report 2018 Nasdaq Clearing AB
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- Quantitative Disclosure Q3 2024
- Quantitative Disclosure Q2 2024
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- Quantitative Disclosure Q4 2023
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