Intragroup exemptions from margin requirements
Nordea Bank Abp and certain of its subsidiaries disclose information on the application of exemptions from the requirement to post margin in relation to OTC derivative contracts in accordance with Article 11 of EMIR
In the tables below you will find details of the intragroup exemption in relation to:
Nordea Bank Abp
In relation to Nordea Bank Abp the following exemptions apply in relation to the following intragroup counterparties:
Name of intragroup counterparty |
LEI |
Type of exemption |
Relation with Intragroup counterparty |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (mEUR) as of 31 March 2018 |
---|---|---|---|---|
Nordea Kredit Realkreditaktieselskab |
52990080NNXXLC14OC65 |
Full |
Parent |
5,269 |
Nordea Hypotek AB (publ) |
5493000K2HPWIF6MFO29 |
Full |
Parent |
37,174 |
Nordea Mortgage Bank Plc |
7437001LESKGLAEOEU84 |
Full |
Parent |
45,164 |
Nordea Eiendomskreditt AS |
549300TTWFTM3HRP0618 |
Full |
Parent |
7,422 |
JSC Nordea Bank Russia |
529900AQ3GW4DUVQ7I64 |
Full |
Parent** |
3,951 |
Nordea Livförsäkring Sverige AB |
529900MUOVW4H06TQA34 |
Full |
Parent* |
2,763 |
Nordea Liv Norge AS |
5299005TCAEGOHRI6930 |
Full |
Parent* |
1,389 |
Nordea Life Assurance Finland Ltd |
529900K08EYX3I3MTH59 |
Full |
Parent* |
356 |
* Nordea Bank Abp holds 100 per cent of the share capital and voting rights of Nordea Life Assurance Finland Ltd, Nordea Liv Norge AS and Nordea Livförsäkring Sverige AB (publ), through its wholly-owned subsidiary Nordea Life Holding AB.
** Nordea Bank Abp holds 7.217 per cent of the shares in JSC Nordea Bank directly and the remaining 92.783 per cent. indirectly through its wholly-owned subsidiary LLC Promyshlennaya Kompaniya Vestkon.
Nordea Kredit Realkreditaktieselskab
In relation to Nordea Kredit Realkreditaktieselskab the following exemption applies in relation to the following intragroup counterparty
Name of intragroup counterparty |
Nordea Bank Abp |
LEI |
529900ODI3047E2LIV03 |
Type of exemption |
Full |
Relationship with intragroup counterparty |
Subsidiary |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018 |
5,269 |
Nordea Hypotek AB (publ)
In relation to Nordea Hypotek AB (publ) the following exemption applies in relation to the following intragroup counterparty:
Name of intragroup counterparty |
Nordea Bank Abp |
LEI |
529900ODI3047E2LIV03 |
Type of exemption |
Full |
Relationship with intragroup counterparty |
Subsidiary |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018 |
37,174 |
Nordea Mortgage Bank Plc
In relation to Nordea Mortgage Bank Plc the following exemption applies in relation to the following intragroup counterparty
Name of intragroup counterparty |
Nordea Bank Abp |
LEI |
529900ODI3047E2LIV03 |
Type of exemption |
Full |
Relationship with intragroup counterparty |
Subsidiary |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018 |
45,164 |
Nordea Eiendomskreditt AS
In relation to Nordea Eiendomskreditt AS the following exemption applies in relation to the following intragroup counterparty
Name of intragroup counterparty |
Nordea Bank Abp |
LEI |
529900ODI3047E2LIV03 |
Type of exemption |
Full |
Relationship with intragroup counterparty |
Subsidiary |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018 |
7,422 |
Nordea Livförsäkring Sverige AB
In relation to Nordea Livförsäkring Sverige AB the following exemption applies in relation to the following intragroup counterparty
Name of intragroup counterparty |
Nordea Bank Abp |
LEI |
529900ODI3047E2LIV03 |
Type of exemption |
Full |
Relationship with intragroup counterparty |
Subsidiary* |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018 |
2,763 |
* Nordea Bank Abp holds 100 per cent of the share capital and voting rights of Nordea Life Assurance Finland Ltd, Nordea Liv Norge AS and Nordea Livförsäkring Sverige AB (publ), through its wholly-owned subsidiary Nordea Life Holding AB.
Nordea Liv Norge AS
Name of intragroup counterparty |
Nordea Bank Abp |
LEI |
529900ODI3047E2LIV03 |
Type of exemption |
Full |
Relationship with intragroup counterparty |
Subsidiary* |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018 |
1,389 |
* Nordea Bank Abp holds 100 per cent. of the share capital and voting rights of Nordea Life Assurance Finland Ltd, Nordea Liv Norge AS and Nordea Livförsäkring Sverige AB (publ), through its wholly-owned subsidiary Nordea Life Holding AB.
Nordea Life Assurance Finland Ltd
In relation to Nordea Life Assurance Finland Ltd the following exemption applies in relation to the following intragroup counterparty.
Name of intragroup counterparty |
Nordea Bank Abp) |
LEI |
529900ODI3047E2LIV03 |
Type of exemption |
Full |
Relationship with intragroup counterparty |
Subsidiary* |
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018 |
356 |
* Nordea Bank Abp holds 100 per cent of the share capital and voting rights of Nordea Life Assurance Finland Ltd, Nordea Liv Norge AS and Nordea Livförsäkring Sverige AB (publ), through its wholly-owned subsidiary Nordea Life Holding AB.