All trades that are entered into Nord Pool’s physical markets are automatically and mandatorily subject to clearing, where Nord Pool acts as the central counterparty for all trades and the following financial settlement transactions.
Nord Pool offers an efficient in-house clearing solution to all members, with a new web-based clearing and settlement system (CASS), giving Nord Pool members access to all the data and information they require.
All trades are settled daily in the same currency as trading has been carried out in and statements are made available in the Clearing and Settlement interface.
Collateral is a form of security which members have to provide while trading on Nord Pool. It means that all members have to guarantee that they can pay for the contracts they entered into.