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)
Nordea Pension, Livsforsikringsselskab A/S7ST1IA7ZVEIQ2WQNG812FullParent**145 (as at 14 March 2024)
Nordea Kredit Realkreditaktieselskab52990080NNXXLC14OC65   FullParent5,269 (as at 31 March 2018)
Nordea Hypotek AB (publ)5493000K2HPWIF6MFO29    FullParent37,174 (as at 31 March 2018)
Nordea Mortgage Bank Plc7437001LESKGLAEOEU84   FullParent45,164 (as at 31 March 2018)
Nordea Eiendomskreditt AS549300TTWFTM3HRP0618   FullParent7,422 (as at 31 March 2018)
Nordea Livförsäkring Sverige AB529900MUOVW4H06TQA34  FullParent*2,763 (as at 31 March 2018)
Nordea Liv Norge  AS5299005TCAEGOHRI6930    FullParent*1,389 (as at 31 March 2018)
Nordea Life Assurance Finland Ltd 529900K08EYX3I3MTH59    FullParent*356 (as at 31 March 2018)

 

* 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 100 per cent of the share capital and voting rights of Nordea Pension, Livforsikringsselskab A/S through its wholly-owned subsidiaries Nordea Life Holding AB and Nordea Pension Holding Danmark A/S.

Nordea Kredit Realkreditaktieselskab

In relation to Nordea Kredit Realkreditaktieselskab the following exemption applies in relation to the following intragroup counterparty

Name of intragroup counterpartyNordea Bank Abp
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 20185,269

 

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 counterpartyNordea Bank Abp
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 201837,174

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 counterpartyNordea Bank Abp
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 201845,164

Nordea Eiendomskreditt AS

In relation to Nordea Eiendomskreditt AS the following exemption applies in relation to the following intragroup counterparty

Name of intragroup counterpartyNordea Bank Abp
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 20187,422

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 counterpartyNordea Bank Abp
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary*
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 20182,763

 

* 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 counterpartyNordea Bank Abp
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary*
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 20181,389

 

* 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 counterpartyNordea Bank Abp)
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary*
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 31 March 2018356

 

* 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 Pension, Livsforsikringsselskab A/S

In relation to Nordea Pension, Livforsikringsselskab A/S the following exemption applies in relation to the following intragroup counterparty.

Name of intragroup counterpartyNordea Bank Abp
LEI529900ODI3047E2LIV03
Type of exemptionFull
Relationship with intragroup counterpartySubsidiary*
The notional aggregate amount of the OTC derivative contracts for which the intragroup exemption applies (in million EUR) as at 14 March 2024145

 

* Nordea Bank Abp holds 100 per cent of the share capital and voting rights of Nordea Pension, Livforsikringsselskab A/S through its wholly-owned subsidiaries Nordea Life Holding AB and Nordea Pension Holding Danmark A/S.