The new fee structure will provide fee reductions in the equities clearing, harmonize the fee structure for all types of clearing members (General Clearing Members (GCM), Direct Clearing Members (DCM) and Non Clearing Members (NCM) as well as simplifying the  fee model.

In addition, Oslo Clearing announces an incentive program for new customers to Oslo Clearing. All new  clearing members (DCM or GCM) to Oslo Clearing will be released from the fixed membership fee for both the remaining part of 2012 and for 2013 as long as they become a clearing member before the end of 2012.

The new fee structure will be implemented from the 1st of May 2012 and includes the following elements:

• A new common clearing transaction fee structure for all types of clearing members
• A major decrease for the fixed fee per transaction to NOK 0.35  (before NOK 0.55 or higher)
• A harmonization of the basis point fee to 0.08 bps on the value traded (before from 0.065 to 0.16) 
• A reduction in the fixed membership fee element for Direct Clearing Members and General Clearing Members
• An introduction of a fixed fee element for Non Clearing members (NCM)

The new fee structure:

As before, all customers can choose between the two types of the clearing transaction fee:  A fixed fee per transaction or a variable basis point fee on the value traded. The type of transaction fee can be changed on a quarterly basis. GCMs or DCMs may as before choose different transaction fee types per clearing account and/or NCM.

All clearing members will before the 27th of April be contacted by Oslo Clearing in order to change to the best possible clearing transaction fee for their customers from the 1st of May.

For further information, please contact

Christian Sjöberg, CEO Oslo Clearing, tel. +47 23179609