NOS is offering two clearing models to the market participants, Direct Membership and clearing through General Clearing Members (GCM).
Applying for a Direct Membership means that NOS will have a one-to-one relationship with the company and the clearing member has a counterparty risk on NOS. The minimum membership requirements are listed in the Rulebook and under the Membership page.
The benefits of being a direct member are:
A market participant choosing to clear through a General Clearing Member has a relationship and counterparty only with the GCM. The GCM has a joint and several liability for their client clearing accounts towards NOS. A general clearer model means that the client accounts with a GCM are protected in a default by the GCM as the GCM’s proprietary trading is segregated from and not netted with the client clearing accounts.
You may choose to go through a GCM because:
Please contact us for a further discussion on how to clear with NOS.
© NOS Clearing ASA, Visiting address: Karenslyst Allé 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.