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Clearing cycle

All references to time are to Central European Time (CET).

T = Trading Day
T+1 = First settlement day following the trading day

06:00 T Start of Clearing Hours
19:00 T End of Clearing Hours
21:00 T A net settlement amount arising from the Mark-to-Market Settlement, Delivery Period Settlement, Premium Settlement, Option Exercise Settlement and Fee Settlement is calculated.
22:00 T NOS instructs the Settlement Bank to credit or debit the Collateral and Settlement Account for the net settlement amount.
23:00 T End of day Margin Requirement and minimum Cash requirement to be posted on T+1 are calculated (Margin deficit or Cash deficit are referred to as Margin Call and Cash Call respectively).
23:00 - 24:00 T Clearing Reports are made available to the Clearing Member on the NOS Web Office. The Clearing Reports are made available at latest 06:00 T+1.
15:00 T+1 Final time for posting of Collateral to cover the end of day Margin Requirement and Cash requirement.
19:00 T+1 Final time for making written complaints to NOS regarding Cleared Contracts.


NOS may in its sole discretion Clear trades outside Clearing Hours.

Our Clearing Calendar is here.
 

© NOS Clearing ASA, Visiting address: Karenslyst AllĂ© 53, 0279, Oslo, Norway P.O. Box 443, 0213, Oslo, Norway - Tel: (+47) 67 10 85 10- Fax (+47) 67 52 81 05  Terms of use

A Company in the Nasdaq OMX Group Inc.