Clearing cycle
All references to time are to Central European Time (CET).
T = Trading Day
T+1 = First settlement day following the trading day
| 07:45 T | Start of Clearing Hours |
| 16:30 T | End of Clearing Hours |
| 18:00 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 |
| 18:00 T | End of day Margin Requirement is calculated |
| 06:00 T+1 | Updated bank balances are sent from the Settlement Banks to NOS via the Coordination Bank |
| 07:00 T+1 | 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.) |
| 07:00 T+1 | Clearing Reports are made available to the Clearing Members and the Settlement Banks on the NOS Web Office |
| 11:00 T+1 | Final time for the Settlement Bank to confirm the posting of Collateral to cover the Margin Requirement and Cash requirement |
| 11:30 T+1 | NOS instruct the Settlement Banks via the Coordination Bank to credit or debit the Collateral and Settlement Account for the net settlement amount calculated the previous Trading Day (T) |
| 16:30 T+1 | Final time for making written complaints to NOS regarding Cleared Contracts |
Option Expiry Day
| 12:00 | Close of Option Expiry Day |
| 12:00 | Calculation of the Option Reference Prices |
| 12:05 | The Option Reference Prices and a list of automatic exercised and non-exercised options are made available to the Clearing Members on the NOS Web Page |
| 12:30 | Final time for manual Exercise or abandonment, unless the Option Reference Prices are delayed, at which the final time for manual Exercise or abandonment is 30 minutes after the distribution of the Option Reference Prices |
| 04:00 | The result of the option Exercise are made available to the Clearing Members on the NOS Web Office |
NOS may in its sole discretion Clear trades outside Clearing Hours.
Our Clearing Calendar is here.
© NOS Clearing ASA, Visiting address: H. Heyerdahls gate 1, 0103 Oslo, P.O. Box 246 Sentrum, Norway - Tel: (+47) 23 25 93 00 - Fax (+47) 22 36 01 20 Terms of use
A Company in the Imarex Group