NOS Clearing - the specialist clearing service for shipping

NOS Clearing (NOS - the Norwegian Futures and Options Clearing House) was founded in 1987 and is a fully owned subsidiary of IMAREX ASA, a public listed company on the Oslo Stock Exchange.

NOS offers multi-product clearing services and its strategic objective is to develop, market and provide services to end clients and their intermediaries, so that these can reduce their risks and exposure and thereby improve profitability when conducting financial transactions.

NOS Clearing ASA is a clearing house for financial instruments operating under licence from the Ministry of Finance. The company is also approved by the American Commodity Futures Trading Commission (CFTC) to carry out clearing of trades on Imarex.

Based on the continuing development of new technology, NOS intends to be a leading participant in the international commodities markets.

In the clearing process, the clearing house takes on the role as central counter party between the buyer and the seller of derivatives contracts, and guarantees settlement of the contracts.

Thus the clearing house acts as the seller versus the buyer and the buyer versus the seller.

The clearing house covers its obligations by collecting collateral (a margin) from the buyer and the seller, respectively.