TD7 flatrate adjustment 1st April 2009

Worldscale Association has in its circular No. 19/2009 announced that the flatrate for TD7 will change from 1st April 2009.

Due to this flatrate change, NOS will performe a flatrate adjustment 1st April 2009. We will adjust the Tradevalue and Marketvalue using the new flatrate for all TD7 trades with settlement in April and onwards. All trades will be adjusted even the trades that have been closed out by the member. This means that both realised and unrealised P/L will be adjusted. The values in the Mark-to-Market Report for the 1st April will reflect the new flatrate for TD7. Please do not hesitate to contact us if you have any question