Futures contracts on the salmon exchange Fish Pool for the second half of this year plummeted from more than NOK 38 (€4.9/$6.9) per kilogram to below NOK 29 (€3.8/$5.2) per kilogram in the space of a few weeks.
NOS Clearing is the counterpart in all cleared trading and guarantees settlement regardless of how extreme the fluctuation in the market.
NOS makes consecutive payments daily to the seller in settlement for the fluctuations, and collects the amounts automatically from the buyers.
During a seven-month period, from October 2010 to April 2011, NOS transferred NOK 460 million (€59.4