September 13, 2018 / 2:18 PM / 10 days ago

Norwegian power trader says defaulted on Nasdaq Clearing commitments

OSLO, Sept 13 (Reuters) - Private Norwegian power trader Einar Aas has defaulted on his commitments to Nasdaq Clearing, he told Reuters on Thursday.

Nasdaq earlier said a power trader had defaulted and that commodities members of its clearing house must collectively pay 100 million euros ($116.75 million) by Monday to refill a fund created to cover defaults. (Reporting by Lefteris Karagiannopoulos; Editing by Terje Solsvik and Jan Harvey)

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