Final step in the introduction of CCP-clearing on Oslo Børs
We would like to remind all members and related parties of the third and final step in the implementation of CCP-clearing for cash equities, equity certificates and ETFs traded on Oslo Børs and Oslo Axess.
As of Friday 27 August 2010 all cash equities, equity certificates and ETFs traded on Oslo Børs will be cleared through Oslo Clearing. Please see the enclosed list for an overview of all new instruments eligible for CCP-clearing.
Changes to the CCP launch plan - OBX equities and ETFs ready for CCP clearing from 18 June 2010
Oslo Børs VPS / Oslo Clearing successfully launched a central counterparty (CCP) for clearing of trades in five selected shares listed on Oslo Børs on Friday. This represents a “soft launch” of a CCP for equities prior to the launch of CCP clearing for all equities, equity certificates and ETFs traded on Oslo Børs and Oslo Axess. This is planned to take place on 18 June.
New Pricing model for the VPO security lending program from 1st of May 2010
Revised timetable for the Oslo Clearing CCP-project
As a consequence of the postponed go live date for Oslo Børs TradElect, Oslo Clearing has decided to postpone the launch of Oslo Clearing CCP with two weeks until 12. May 2010. The second market wide test will also be rescheduled with two weeks.
The CPSS-IOSCO Self Assessment for Oslo Clearing has been completed for 2009
Oslo Clearing has updated its CPSS-IOSCO Self Assessment for Central Counterparties. Oslo Clearings provides its own evaluation on how it complies with the 15 recommendations of the Self Assessment. The Self Assessment provides background information on the activities of Oslo Clearing.
Changes in the standard terms for derivatives
A new version of standard terms for Oslo Clearing ASA will take effect from 7th December 2009. Current version of the existing rules and regulations can be found here
New timetable and pricing model for the introduction of central counterparty clearing (CCP)
Press Release: Lower fees for equities clearing and settlement
The Oslo Børs VPS group is committed to competitive pricing for its customers throughout the entire securities value chain. When central counterparty (CCP) clearing for equities trading is introduced in the Norwegian market next year, broking firms will see a significant drop in their clearing and settlement costs thanks to new competitive pricing model from Oslo Clearing and lower fees from VPS.
Oslo Clearing evaluated the comments received in the hearing on the Standard Terms for Clearing Equity Market Instruments. Oslo Clearing submits a revised version of the Standard Terms for Clearing and with the objective to finalise the Standard Terms by the end of 2009.
(The English version of the accompanying letter with Oslo Clearing's response to the hearing will be published shortly.)