Update on Commodities Member Default
(WorldNews Sweden)

Following the default of a Nasdaq Clearing Commodities member last week, Nasdaq would like to inform our members and clients that Mr. Aas and his lawyers have agreed to submit to a consensual arrangement with creditors to liquidate Mr Aas´s estate in order for Nasdaq to recover for the Default Fund Participants the losses arising from his recent default. Nasdaq Clearing is exploring all rights and available options to pursue recovery for members and clients to minimize any shortfall and will ......