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Oslo Clearing reduces fees on Tailor made derivatives
Effective from 29 May 2009, Oslo Clearing is reducing the fees for Tailor made derivatives. The changes are results of meetings with the members and
imply that we discontinue the current quarterly rebate program for our members, and replace it by reducing the fees for the investors. The
reduction of the fees is carried out through increasing the volume rebate for Tailor made forwards, particularly for high volume deals. For options, we
introduce a new fee structure with a volume rebate related to the number of contracts per deal.
Simultaneously, we are launching the first phase of the Tailor made derivatives concept by introducing a price discovery system, EDGE, and the new
clearing service Contract administration. The new fees for clearing and contract administration of Tailor made derivatives will come into effect on 29
May 2009. Existing fees will be updated on our homepage www.osloclearing.no .
If you have questions, please contact Kari S. Geier + 47 23 17 96 05 or Ingvild B. Angvik + 47 23 17 96 03