26 November 2014

Oslo Bors and LCH.Clearnet implement clearing interoperability

18 March 2014  |  1228 views  |  0 Source: Oslo Bors

As of March 19 2014, equities and ETFs traded on Oslo Børs and Oslo Axess can be cleared through LCH.Clearnet.

The agreements for interoperability between LCH.Clearnet and Oslo Clearing have been approved by the Norwegian Ministry of Finance and the Bank of England.

When the new clearing link goes live in March, trading participants on Oslo Børs and Oslo Axess will have a choice between clearing houses. Oslo Clearing introduced equity clearing for Oslo Børs and Oslo Axess in 2010. Members of Oslo Børs will now also have the opportunity to choose LCH.Clearnet in clearing these instruments.

All equity instruments and derivatives traded on Oslo Børs and Oslo Axess are cleared through a central counterparty (CCP) - a clearing house. Consequently, members must set up a clearing arrangement in order to trade these products on these marketplaces. Clearing entails an organization to act as an intermediary for transactions, in order to reconcile orders and also to guarantee for settlement and delivery of securities between the transacting parties.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Featured job

Competitive base, bonus, full benefits
Anywhere, UK (Europe Considered)

Find your next job