The owner and operator of Sweden's stock exchange has said that from 1 February 2013, it will be charging a fee for administering letters of credit (L/Cs) and bank guarantees.

The NASDAQ OMX owned and operated Stockholmsbörsen is the primary securities exchange of the Nordic Countries.

Fee structure

The fee structure will apply to the NASDAQ OMX Derivatives Markets, NASDAQ OMX Commodities, and N2EX, the platform over which Nordic electrical energy is traded.

Fees will be charged for each decrease, cancellation, or change of expiry date on L/Cs and bank guarantees.

Charges

Members should email or fax a copy of the L/C or guarantee for approval, prior to mailing the original to the exchange.

NASDAQ OMX Commodities members will be charged EUR 100 except if the L/C or guarantee is issued in UK sterling, in which case the fee will be £100.

Derivatives markets

The exchange's Derivatives Markets members will be charged the fee in the same currency as the L/C or guarantee is issued in.

The fees are either 1,000 Swedish Krona, 1,000 Norwegian Krone, 1,000 Danish Krone or EUR 100.

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