Oslo Børs

 

You are here: Trading / Clearing

Clearing

Equity instruments and derivatives traded on Oslo Børs, Oslo Axess, Oslo Connect and Burgundy are cleared through a Central Counterparty (CCP) - a clearing house. Consequently, members must set up clearing arrangement in order to trade these products on the Oslo Børs marketplaces.

Clearing
Clearing entails an organisation to act as an intermediary, assuming the role of a buyer (to the seller) and seller (to the buyer) for transactions, in order to reconcile orders and also guarantee for settlement and delivery of securities between the transacting parties.

Central Counterparties (CCPs)
Central Counterparties wishing to clear transactions in equity instruments and derivatives on any of Oslo Børs’ marketplaces must hold the necessary authorizations and approvals from relevant authorities, to conduct clearing (for each specific instrument group) in Norway, and must also enter into clearing agreement(s) with Oslo Børs.

 

 

Oslo Børs, Oslo Axess (shares, equity certificates, ETFs)

Oslo Børs, Oslo Connect (derivatives)

Burgundy (shares, ETFs)

Oslo Clearing

 

LCH.Clearnet

 

EuroCCP

   

SIX-Clear

Coming soon

Coming soon

 

Direct or indirect clearing
Oslo Børs’ members must ensure clearing arrangement with a CCP through:

  • Direct clearing membership – either as Direct Clearing Member (DCM) or as General Clearing Member (GCM), or
  • Indirect clearing arrangement as Non Clearing Member (NCM) through separate agreement with a GCM

Contact Oslo Børs or the respective clearing house(s) for further information on clearing arrangements and clearing membership.

 

Contact

Lene M. Refvik
VP Client Relationships

E-mail: lmr@oslobors.no
Phone: +47 22 34 17 77

 

Carl Nilsen
VP Client Relationships

E-mail: cn@oslobors.no
Phone: +47 22 34 17 93
Mobile: +47 411 08 321
 

Samuel Stenmark
VP Client Relationships

E-mail: ss@oslobors.no
Phone: +46 8 613 12 13
Mobile: +46 76 776 12 13