Emir approval sees Nasdaq OMX announce lower clearing fees

Nasdaq OMX Clearing AB has announced that its fees will be lowered as a result of becoming the first European clearing house to receive approval under the European Market Infrastructure Regulation (Emir).

The work done to achieve the approval in turn means that the clearing house has also been able to streamline its procedures, thereby introducing more efficiency.

Nasdaq OMX Clearing AB said it will therefore be able to start offering two new fee and rebate models for clearing of SEK fixed income products. Available as supplements to the existing fee and rebate model, the two new models will be available from 1 January 2015, the company said.

Magnus Billing, head of Nordic Fixed Income, NASDAQ OMX, said: “We are pleased to leverage the hard work that has been put in to the Emir reauthorization process and offer our clients a highly competitive rebate program.”

“To qualify for a certain rebate clients must reach pre-defined clearing fee levels, which will vary depending on clients’ choice of rebate model. The fee and rebate models will be offered on a client-by-client basis.”

The clearing house will also extend its list of eligible collaterals to include green bonds issued by IFC, which support private sector investments in renewable energy.

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