First Salmon Options cleared by NOS

NOS entered into the first Salmon Options contract traded at the Norwegian salmon exchange Fish Pool. This is the first step of what is expected to be a major break-through in the salmon derivatives market.

By offering cleared calls and puts, the market principals as well as the financial players, will have access to a full range of salmon derivatives with a controllable credit risk through clearing by NOS. This is expected to improve the participants’ ability to hedge and manage their revenue/cost risks.

By end of Q1, we have a market maker in place, offering firm tradable prices on the Fish Pool screen. This will improve market transparency and boost liquidity. All options will be netted with the future contracts, in order to keep locked up capital at a minimum

The options are asian style monthly contracts with 2 NOK strike intervals covering the same period as the future contracts. Please see Product Specification Annex 5O for more details.