Seafood

NOS launched the clearing service for the seafood market in 2007. We provide clearing of salmon derivatives contracts. These contracts have fresh, gutted North Atlantic salmon as the underlying product. Together with the market place Fish Pool, NOS has been the first mover to establish an efficient trading and clearing facility for salmon derivatives. Many financial investors have also entered the market, boosting liquidity and pricing. The members reflect the industry structure, and producers, exporters, importers, smokeries and retailers have joined trading these contracts. 

By offering cleared seafood derivatives, NOS offers an effective hedging tool to the salmon industry as well as trading opportunities to financial investors. Through clearing you have several positive effects on risk management and operations:

• Guaranteed delivery, extremely low credit risk
• Elimination of credit assessment of counterparts and valuation of receivables
• Effective book-keeping, single counterpart, single account, single cashflow, all reports and risk management control through systems offered by NOS
• Anonymous trading
• Effective pricing, financial investors prefer cleared markets