Freight derivatives clearing services offered by NOS
Imarex and NOS (The Norwegian Futures and Options Clearinghouse) has developed a unique clearing service for the freight derivatives market.
In the clearing process, NOS 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 obtaining collateral (a margin) from the buyer and the seller, respectively.
For further information on clearing services please visit www.nos.no