Nasdaq OMX Clearing is introducing lower clearing fees for Swedish krona fixed income products and extending its collateral list to include additional assets.
The clearing house was the first to be approved by European regulators under the European market infrastructure regulation, triggering the countdown to mandated clearing expected as early as December this year.
Nasdaq OMX is introducing two new fee and rebate models for clients of SEK fixed income products from 1 January 2015.
"To qualify for a certain rebate clients must reach pre-defined clearing fee levels, which will vary depending on clients' choice of rebate model.” Magnus Billing, head of Nordic fixed income, Nasdaq OMX, said.
“The fee and rebate models will be offered on a client-by-client basis. In the interim period, NASDAQ OMX Clearing AB will offer adjusted client clearing rebates.”
The clearing house is also broadening its list of eligible collateral to include green bonds issued by the International Finance Corporation, which supports private sector investments in renewable energy.