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
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)
- Independent Board Member: Per Strömberg (Professor, SSE Centennial Chair in Finance and Private Equity at Stockholm School of Economics)
- Board Member: John Zecca, Executive Vice President and Chief Legal, Risk and Regulatory Officer, Nasdaq
- Board Member: Laura DeLorenzo, Vice President, Head of Global Reporting and Accounting Policy, Nasdaq
- Board Member: Roland Chai, Executive Vice President, Market Technology, Nasdaq
- Board Member: Catherine Addona-Peña, Senior Vice President and Group Chief Risk Officer, Nasdaq
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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)
- Independent Board Member: Per Strömberg (Professor, SSE Centennial Chair in Finance and Private Equity at Stockholm School of Economics)
- Board Member: John Zecca, Executive Vice President and Chief Legal, Risk and Regulatory Officer, Nasdaq
- Board Member: Laura DeLorenzo, Vice President, Head of Global Reporting and Accounting Policy, Nasdaq
- Board Member: Roland Chai, Executive Vice President, Market Technology, Nasdaq
- Board Member: Catherine Addona-Peña, Senior Vice President and Group Chief Risk Officer, Nasdaq
Management
- Chief Executive Officer: Patrik Löhr
- Chief Risk Officer: Irina Slinko
- Chief Technology Officer: Gustaf von Boisman
- Chief Compliance Officer: Jan Axelsson
- Head of Customer Relations: Göran Bolin
- Head of International Affairs: Erica Brown
- Head Of Clearing Risk: David Cook (Acting)
- Head of CCP Treasury: Tanja Raassina Harrison
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Management
- Chief Executive Officer: Patrik Löhr
- Chief Risk Officer: Irina Slinko
- Chief Technology Officer: Gustaf von Boisman
- Chief Compliance Officer: Jan Axelsson
- Head of Customer Relations: Göran Bolin
- Head of International Affairs: Erica Brown
- Head Of Clearing Risk: David Cook (Acting)
- Head of CCP Treasury: Tanja Raassina Harrison
Board Committees
- Member Risk Committee: Chair - Lars Nyberg. Members - SEB, Swedbank, JP Morgan Fortum, ABN Amro, Vattenfall, Alecta, Susqueanna, E.ON Sverige. Member Risk Committee Charter
- Remuneration Committee: Chair - Lars Nyberg
- Audit Committee: Chair - Per Strömberg
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Board Committees
- Member Risk Committee: Chair - Lars Nyberg. Members - SEB, Swedbank, JP Morgan Fortum, ABN Amro, Vattenfall, Alecta, Susqueanna, E.ON Sverige. Member Risk Committee Charter
- Remuneration Committee: Chair - Lars Nyberg
- Audit Committee: Chair - Per Strömberg
Management Committees
- Nasdaq Clearing Risk Committee: Chair - Patrik Löhr
- Default Committee: Chair - David Cook (Acting)
- Recovery Committee: Chair - Patrik Löhr
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Management Committees
- Nasdaq Clearing Risk Committee: Chair - Patrik Löhr
- Default Committee: Chair - David Cook (Acting)
- Recovery Committee: Chair - Patrik Löhr
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 |
|---|---|
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Clearing Operations |
+46 8 405 6880 |
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Member & Account Configuration |
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Risk Management |
+46 8 405 7088 |
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Commodities Product Management |
+46 8 405 6970 |
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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?
Contact Us
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Resource Center
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- 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 2023
- Nasdaq Clearing Quick Links
- Nasdaq Clearing AB Disclosure Report
- Quantitative Disclosure Q2 2023
- Quantitative Disclosure Q1 2023
- Quantitative Disclosure Q4 2022
- Quantitative Disclosure Q3 2022
- Quantitative Disclosure Q2 2022
- Quantitative Disclosure Q1 2022
- Quantitative Disclosure Q3 2021
- Quantitative Disclosure Q4 2021
- Quantitative Disclosure Q2 2021
- Quantitative Disclosure Q1 2021
- Quantitative Disclosure Q4 2020
- Quantitative Disclosure Q3 2020
- Quantitative Disclosure Q2 2020
- Quantitative Disclosure Q1 2020
- Quantitative Disclosure Q4 2019
- Quantitative Disclosure Q3 2019
- Quantitative Disclosure Q2 2019
- Quantitative Disclosure Q1 2019
- Quantitative Disclosure Q4 2018
- Quantitative Disclosure Q3 2018
- Quantitative Disclosure Q2 2018
- Quantitative Disclosure Q1 2018
- Quantitative Disclosure Q4 2017
- Quantitative Disclosure Q3 2017
- Quantitative Disclosure Q2 2017
- Quantitative Disclosure Q1 2017
- Quantitative Disclosure Q4 2016
- Quantitative Disclosure Q3 2016
- Quantitative Disclosure Q2 2016
- Quantitative Disclosure Q1 2016
- Quantitative Disclosure Q3 2015
- Quantitative Disclosure Q4 2015
Membership within Nasdaq Clearing AB
Derivatives
Derivatives Membership
Step-by-step description on how to obtain a membership at Nasdaq Derivatives Markets.
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Step-by-step description on how to obtain a membership at Nasdaq Derivatives Markets.
Commodities
Commodities Membership
How to become a member: Our step-by-step membership application process and list of required documentation.
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How to become a member: Our step-by-step membership application process and list of required documentation.
Clearing Services
Central Counterparty Clearing for Many Products
Cleared Markets
Central counterparty clearing for several markets including Equity derivatives, Index, Fixed Income and Commodities.
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Central counterparty clearing for several markets including Equity derivatives, Index, Fixed Income and Commodities.
Clearing Model
Clearing Model
A broad range of options for market access, segregation and portability.
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A broad range of options for market access, segregation and portability.