INFORMATION - Nasdaq Clearing and Brexit

At Nasdaq, we have been monitoring the Brexit processes closely and working to prepare for a possible Brexit without a withdrawal agreement. Our goal is to ensure that our markets and members continue to run smoothly, mitigating any disturbances in the business due to Brexit. 

Nasdaq Clearing is part of the global Nasdaq Brexit project, and our common activities are focused on ensuring uninterrupted access to our clearing services, whether the member firm stays in the UK or moves its clearing business to an EU27 location. 

Temporary recognition 

For clearing members staying in the UK, Nasdaq Clearing has obtained a “temporary recognition” with the Bank of England, which means that we can continue to provide clearing services to UK firms for a period of up to 3 years, during which time we aim to obtain permanent recognition. Please note that these contingency measures are only required in a scenario where the UK leaves the EU without a withdrawal agreement. 

For clearing members relocating 

For clearing members relocating all or parts of their clearing business to an EU27 location, we are assisting with membership applications and transfers of positions to these new entities. 

Questions?

For clearing members with questions around the Brexit project, please contact your Key Account Manager.

Cleared Markets

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Futures & Options on Energy, Carbon, Ferrous Products and Seafood
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Exchange listed, Flexible and On-request Futures & Options on Nordic equities and indexes.
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Futures & Options on Swedish, Danish and Norwegian Long and Short Term Interest Rates and Bonds.
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Interest Rate and Overnight Index Swaps and FRAs denominated in SEK, DKK, NOK and EUR.
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Repo agreements for elibigle Bonds listed on Nasdaq Stockholm and Nasdaq Copenhagen.
Risk Management

Risks are managed through a comprehensive risk management framework providing accurate measurement, control, and protection from all identifiable counterparty and operational risks arising within the markets cleared.

Risk Management >

Clearing Model

A comprehensive clearing model offers a broad range of options for market access, segregation and portability creating legal, capital and operational efficiency for market participants.

Clearing Model >

Operations

Procedures and forms for management of collateral, cash and physical settlement that arise from contractual responsibilities.

Operations >

Technology

All markets are cleared in the Genium INET Clearing system, a state-of-the-art clearing and collateral management system.

Technology >

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