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NDAQ » Topics » NOTE 30. CONTINGENT LIABILITIES

These excerpts taken from the NDAQ 8-K filed Aug 1, 2008.

NOTE 31. CONTINGENT LIABILITIES

GROUP

 

(SEK m)    2006    2005

Guarantees issued for clearing operations (OMX AB)1)

    3,020    1,414

Other guarantees (OMX AB)2)

    174    69

Total

    3,194    1,483

 

1)

Through its clearing operations, OMX AB’s exchange operations act as a counterparty in each transaction and thereby guarantees the fulfillment of each contract. OMX’s exchange operations are to pledge collateral for commitments with other clearing houses. The amount of these commitments is calculated on the gross exposure between the clearing houses. As collateral for these obligations, the operations have obtained bank guarantees, which are guaranteed by OMX AB through counterparty agreements.

2)

Primarily obligations for leasing contracts and in conjunction with the systems sales in Market Technology. In addition to the items above, there are general Parent Company guarantees for wholly owned subsidiaries of OMX AB.

OMX is party to a number of cases and disputes for which no provisions have been established since it is the opinion of management that all cases will be found in favor of OMX. There is naturally a certain degree of uncertainty associated with this opinion.

 

36

NOTE 30. CONTINGENT LIABILITIES

 

GROUP

(SEK m)

    2007    2006

Guarantees issued for clearing operations (OMX AB)1)

    2,878    3,020

Other guarantees (OMX AB)2)

    187    174

Total

    3,065    3,194

 

1)

Through its clearing operations, OMX AB’s exchange operations act as a counterparty in each transaction and thereby guarantees the fulfillment of each contract. OMX’s exchange operations are to pledge collateral for commitments with other clearing houses. The amount of these commitments is calculated on the gross exposure between the clearing houses. As collateral for these obligations, the operations have obtained bank guarantees, which are guaranteed by OMX AB through counterparty agreements.

 

68

2)

Primarily obligations for leasing contracts and in conjunction with the systems sales in Market Technology. In addition to the items above, there are general Parent Company guarantees for wholly owned subsidiaries of OMX AB.

OMX is party to a number of cases and disputes for which no provisions have been established since it is the opinion of management that all cases will be found in favor of OMX. There is a certain degree of uncertainty associated with this opinion.

These excerpts taken from the NDAQ 8-K filed May 2, 2008.

NOTE 31. CONTINGENT LIABILITIES

GROUP

 

(SEK m)    2006    2005

Guarantees issued for clearing operations (OMX AB)1)

    3,020    1,414

Other guarantees (OMX AB)2)

    174    69

Total

    3,194    1,483

 

1)

Through its clearing operations, OMX AB’s exchange operations act as a counterparty in each transaction and thereby guarantees the fulfillment of each contract. OMX’s exchange operations are to pledge collateral for commitments with other clearing houses. The amount of these commitments is calculated on the gross exposure between the clearing houses. As collateral for these obligations, the operations have obtained bank guarantees, which are guaranteed by OMX AB through counterparty agreements.

2)

Primarily obligations for leasing contracts and in conjunction with the systems sales in Market Technology. In addition to the items above, there are general Parent Company guarantees for wholly owned subsidiaries of OMX AB.

OMX is party to a number of cases and disputes for which no provisions have been established since it is the opinion of management that all cases will be found in favor of OMX. There is naturally a certain degree of uncertainty associated with this opinion.

 

36

NOTE 30. CONTINGENT LIABILITIES

 

GROUP

(SEK m)

    2007    2006

Guarantees issued for clearing operations (OMX AB)1)

    2,878    3,020

Other guarantees (OMX AB)2)

    187    174

Total

    3,065    3,194

 

1)

Through its clearing operations, OMX AB’s exchange operations act as a counterparty in each transaction and thereby guarantees the fulfillment of each contract. OMX’s exchange operations are to pledge collateral for commitments with other clearing houses. The amount of these commitments is calculated on the gross exposure between the clearing houses. As collateral for these obligations, the operations have obtained bank guarantees, which are guaranteed by OMX AB through counterparty agreements.

 

68

2)

Primarily obligations for leasing contracts and in conjunction with the systems sales in Market Technology. In addition to the items above, there are general Parent Company guarantees for wholly owned subsidiaries of OMX AB.

OMX is party to a number of cases and disputes for which no provisions have been established since it is the opinion of management that all cases will be found in favor of OMX. There is a certain degree of uncertainty associated with this opinion.

This excerpt taken from the NDAQ 8-K filed Feb 20, 2008.

Note 31. Contingent liabilities

 

(SEK in millions)    2006    2005
 

Guarantees issued for clearing operations (OMX AB)(1)

    3,020    1,414

Other guarantees (OMX AB)(2)

    174    69
         

Total

    3,194    1,483
 

(1) Through its clearing operations, OMX AB’s exchange operations act as a counterparty in each transaction and thereby guarantees the fulfillment of each contract. OMX’s exchange operations are to pledge collateral for commitments with other clearing houses. The amount of these commitments is calculated on the gross exposure between the clearing houses. As collateral for these obligations, the operations have obtained bank guarantees, which are guaranteed by OMX AB through counterparty agreements.

(2) Primarily obligations for leasing contracts and in conjunction with the systems sales in Market Technology. In addition to the items above, there are general Parent Company guarantees for wholly-owned subsidiaries of OMX AB.

OMX is party to a number of cases and disputes for which no provisions have been established since it is the opinion of management that all cases will be found in favor of OMX. There is naturally a certain degree of uncertainty associated with this opinion.

EXCERPTS ON THIS PAGE:

8-K (2 sections)
Aug 1, 2008
8-K (2 sections)
May 2, 2008
8-K
Feb 20, 2008

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