292153
/en/bank-og-finansmarked/statistikker/verdipapirer/kvartal
292153
statistikk
2017-08-22T08:00:00.000Z
Banking and financial markets
en
verdipapirer, SecuritiesSecurities markets , Banking and financial markets
true

Securities

Updated

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Main figures - VPS. Last 4 quarters. NOK billion
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Stocks (market value)
Shares (listed)1 875.12 091.52 079.52 095.5
Shares (unlisted)421.9437.1448.7454.5
Long-term debt securities issued in Norway1 827.61 864.71 928.01 913.2
Short-term debt securities issued in Norway161.2156.1149.0156.7
Equity certificates37.443.145.248.8
 
Dividends/coupon payments
Shares (listed)7.315.21.254.6
Shares (unlisted)1.92.00.93.7
Long-term debt securities issued in Norway8.19.911.421.3
Short-term debt securities issued in Norway0.30.30.30.3
Equity certificates..0.00.51.6

See more tables on this subject

Table 1 
Stocks of securities registered with the VPS, by holding sector and type of security. Last quarter. Market value. NOK million

Stocks of securities registered with the VPS, by holding sector and type of security. Last quarter. Market value. NOK million
2nd quarter 2017
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securitiesShort-term debt securities
 
Total2 095 531454 50748 8121 913 205156 723
 
Non-financial corporations267 052222 3965 92346 81016 950
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government1 39296802 22216 156
Public unincorporated enterprises, owned by local government20000
Public incorporated enterprises, owned by local government11279510116 150600
Private non-financial incorporated enterprises263 688220 3185 75825 176193
Private non-financial unincorporated enterprises66116131200
Private non-profit institutions serving enterprises1 792199513 1410
 
Financial corporations236 490119 56110 0551 231 173101 179
Norges Bank00000
Banks5 40730 6571 155400 00735 326
Mortgage companies03687 6248 271
Finance companies01050
State lending institutions etc.1581 499000
Financial holding companies5642 36124 34715
Mutual funds123 9061 8574 832277 19625 625
Investment trusts and private equity funds5 7594 6761148263
Other financial enterprises, except insurance companies and pension funds75 80532 8702 4035 0403 358
Life insurance companies and pension funds22 8085 4031 327391 00123 008
Non-life insurance companies2 59123621765 1275 573
 
General government687 6341 651133121 81925 661
Central government675 8938842111 50025 640
Local government11 74176613210 31921
 
Non-profit institutions serving households28 9071 83518 0967 130151
 
Households84 76124 8618 1169 361152
Unincorporated enterprises within households3360270
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.00100
Employees, recipients of property income, pensions and social contributions, students etc.84 72824 8008 1139 354152
 
Rest of the world790 54284 1216 471496 89912 629
 
Unspecified sector1468417130

Table 2 
Net purchases of securities registered with the VPS, by purchasing sector and type of security. Latest quarter. Market value. NOK million

Net purchases of securities registered with the VPS, by purchasing sector and type of security. Latest quarter. Market value. NOK million
2nd quarter 2017
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securities issued in NorwayShort-term debt securities issued in Norway
 
Total18 5105 369614-17 3947 692
 
Non-financial corporations-2 0972 728469-294 091
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government524..-6073 699
Public unincorporated enterprises, owned by local government....000
Public incorporated enterprises, owned by local government-1-299-133 896343
Private non-financial incorporated enterprises-2 1663 069475-3 30249
Private non-financial unincorporated enterprises-23-257-170
Private non-profit institutions serving enterprises42-21010
 
Financial corporations2 673-3 913-24-18 5903 663
Norges Bank0..000
Banks1 235-2 245-659-14 8984 462
Mortgage companies03..-20 492-1 795
Finance companies0..0-500
State lending institutions etc...53000
Financial holding companies-367..287-76
Mutual funds2 11887051914 1214 804
Investment trusts and private equity funds-283135093
Other financial enterprises, except insurance companies and pension funds-489-2 437723 952252
Life insurance companies and pension funds368-211-51-1 477-1 117
Non-life insurance companies-2393544-41-2 870
 
General government6 59098-7-6 718828
Central government6 593100..-6 647835
Local government-4-2-7-71-7
 
Non-profit institutions serving households-1 31081-1 61034911
 
Households219-31540-3556
Unincorporated enterprises within households2-11-50
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0....00
Employees, recipients of property income, pensions and social contributions, students etc.217-30539-3056
 
Rest of the world12 4366 4181 2457 775-957
 
Unspecified sector-2-131-1470

Table 3 
Paid out dividends on listed shares registered with the VPS, by paying sector. NOK million

Paid out dividends on listed shares registered with the VPS, by paying sector. NOK million
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
 
Total7 27315 1791 19454 576
 
Non-financial corporations7 10012 9571 03537 552
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government5 83711 379..19 296
Public unincorporated enterprises, owned by local government0000
Public incorporated enterprises, owned by local government......634
Private non-financial incorporated enterprises1 2641 5781 03517 621
Private non-financial unincorporated enterprises0000
Private non-profit institutions serving enterprises0000
 
Financial corporations..2 000..14 667
Norges Bank0000
Banks......803
Mortgage companies0000
Finance companies0000
State lending institutions etc.0000
Financial holding companies......9 979
Mutual funds0000
Investment trusts and private equity funds........
Other financial enterprises, except insurance companies and pension funds......291
Life insurance companies and pension funds0000
Non-life insurance companies..2 000..3 594
 
General government0000
Central government0000
Local government0000
 
Non-profit institutions serving households0000
 
Households0000
Unincorporated enterprises within households0000
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.0000
 
Rest of the world1732231592 357

Table 4 
Paid out dividends on listed shares registered with the VPS, by receiving sector. NOK million

Paid out dividends on listed shares registered with the VPS, by receiving sector. NOK million
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
 
Total7 27315 1791 19454 576
 
Non-financial corporations6158354576 194
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government75..2
Public unincorporated enterprises, owned by local government........
Public incorporated enterprises, owned by local government11..3
Private non-financial incorporated enterprises6058224566 151
Private non-financial unincorporated enterprises......2
Private non-profit institutions serving enterprises27136
Financial corporations3412 1061056 788
Norges Bank0000
Banks15572409
Mortgage companies0000
Finance companies......0
State lending institutions etc.........
Financial holding companies........
Mutual funds187520672 913
Investment trusts and private equity funds..11157
Other financial enterprises, except insurance companies and pension funds641 379222 722
Life insurance companies and pension funds7013912527
Non-life insurance companies410159
General government4 1547 4884520 140
Central government4 1537 4874519 789
Local government..1..351
Non-profit institutions serving households253021 110
Households260514662 015
Unincorporated enterprises within households......1
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.260514662 014
Rest of the world1 8734 08951818 276
Unspecified sector7116154

Table 5 
Issues of debt securities, by issuing sectors. Face values in NOK million

Issues of debt securities, by issuing sectors. Face values in NOK million
2nd quarter 20163rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
Debt securities issued in Norway
Long-term debt securities issued in Norway122 95178 377107 082137 660141 627
- domestic issuers89 18364 80797 601115 65299 212
Short-term debt securities issued in Norway79 19155 91168 54068 06480 375
- domestic issuers79 05055 52668 54068 06479 392
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad79 83450 74144 664123 83858 931
Sertifikater emittert i utlandet91 101192 999212 306223 724236 418
 
Non-financial corporations
Long-term debt securities issued in Norway12 55610 84819 12916 70523 291
Long-term debt securities issued abroad5 1622 98110 9614 5640
Short-term debt securities issued in Norway14 3627 67513 5488 75717 977
Short-term debt securities issued abroad30 68436 96039 77631 93722 745
 
Financial corporations
Long-term debt securities issued in Norway57 73537 91160 39862 66258 165
Long-term debt securities issued abroad74 67147 75933 701119 27358 931
Short-term debt securities issued in Norway1 8507182501 6901 750
Short-term debt securities issued abroad60 416156 038172 530191 786213 673
 
General government
Long-term debt securities issued in Norway18 89316 04918 00936 28517 755
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway62 83947 13454 74257 61859 666
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway33 76713 5699 48222 00742 416
Short-term debt securities issued in Norway14138600982

Table 6 
Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million

Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million
2nd quarter 20163rd quarter 20164th quarter 20161st quarter 20172nd quarter 2017
 
Debt securities issued in Norway
Long-term debt securities issued in Norway1 798 1501 821 7921 861 4721 917 6211 897 258
domestic issuers1 530 5611 557 8881 593 6201 650 5481 630 958
Stort-term debt securities issued in Norway177 140161 329156 260149 122156 855
domestic issuers177 001160 819155 745148 741155 676
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad1 714 0661 675 8331 680 2771 717 0401 670 779
Stort-term debt securities issued abroad99 135105 772120 644134 41399 584
 
Non-financial corporations
Long-term debt securities issued in Norway262 800263 717271 420277 210278 197
Long-term debt securities issued abroad365 333354 622372 036377 022352 950
Stort-term debt securities issued in Norway23 31116 49918 47416 52422 364
Stort-term debt securities issued abroad6 3135 3744 3107 9674 194
 
Financial corporations
Long-term debt securities issued in Norway808 997827 965849 521877 440887 922
Long-term debt securities issued abroad1 348 7341 321 2121 308 2421 340 0171 317 830
Stort-term debt securities issued in Norway7 3515 2642 5853 2931 843
Stort-term debt securities issued abroad92 821100 398116 334126 44695 390
 
Central government
Long-term debt securities issued in Norway458 765466 206472 614495 898464 839
Long-term debt securities issued abroad00000
Stort-term debt securities issued in Norway146 339139 056134 686128 924131 470
Stort-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway267 589263 904267 852267 073266 300
Stort-term debt securities issued in Norway1395105163821 179

Table 7 
Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million

Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million
Opening balanceIssues (face value) (NOK million)Redemptions (NOK million)Changes in sector classification and exchange rates (NOK million)Closing balance
Debt securities issued in Norway and by Norwegian entities abroad3 918 196517 351-631 90020 8313 824 478
Debt securities issued by Norwegian entitites3 650 742473 953-589 94122 2433 556 997
Debt securities issued in Norway2 066 743222 002-233 621-1 0112 054 113
Debt securities issued by Norwegian entities in Norway1 799 289178 604-191 6604011 786 634
 
Non-financial corporations
Long-term debt securities issued in Norway277 21023 291-19 537-2 767278 197
Long-term debt securities issued abroad377 0220-25 7671 695352 950
Short-term debt securities issued in Norway16 52417 977-12 133-422 364
Short-term debt securities issued abroad7 96722 745-26 451-674 194
 
Financial corporations
Long-term debt securities issued in Norway877 44058 165-50 8573 174887 922
Long-term debt securities issued abroad1 340 01758 931-103 21222 0941 317 830
Short-term debt securities issued in Norway3 2931 750-3 20001 843
Short-term debt securities issued abroad126 446213 673-242 850-1 87995 390
 
Central government
Long-term debt securities issued in Norway495 89817 755-48 8140464 839
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway128 92459 666-57 119-1131 470
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway267 07342 416-41 775-1 414266 300
Short-term debt securities issued in Norway382982-18501 179

Table 8 
Debt securities issued in Norway, by borrowing sectors and remaining maturity. Outstanding amounts at face value (NOK million)

Debt securities issued in Norway, by borrowing sectors and remaining maturity. Outstanding amounts at face value (NOK million)
<= 1 year> 1 year <= 2 years> 2 years <= 5 years> 5 years <= 10 years> 10 years <= 20 years> 20 yearsTotal
Original maturity
Outstanding amounts in total from debt securities issued in Norway140 07236 728548 134790 126495 12243 9322 054 114
Non-financial corporations22 3642 376108 709117 15644 3705 586300 561
Banks1 4784 152159 967118 09522 93220 238326 862
Other financial corporations3656 38293 601391 89356 67813 985562 904
Central government and social security funds60 00017 000024 000347 000.448 000
Local government54 4704 72142 28239 4417 015381148 310
Non-profit institutions serving households
Households
Rest of the world1 3962 097143 57699 54117 1273 743267 480
 
Remaining maturity
Outstanding amounts in total from debt securities issued in Norway395 875334 557857 263397 05231 22338 1432 054 113
Non-financial corporations62 18730 040126 73868 04811 7501 798300 561
Banks66 53665 144135 11538 9591 02520 083326 862
Other financial corporations64 98887 279336 44945 80515 39812 985562 904
Central government and social security funds77 00081 00080 000210 000..448 000
Local government70 31117 10840 24919 1421 500.148 310
Non-profit institutions serving households00....0
Households00....0
Rest of the world54 85453 987138 71315 0981 5503 278267 480

Table 9 
Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.

Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.
Original maturity <= 1 yearOriginal maturity > 1 year <= 2 yearsOriginal maturity > 2 years <= 5 yearsOriginal maturity > 5 years <= 10 yearsOriginal maturity > 10 years <= 20 yearsOriginal maturity > 20 yearsTotal
Original maturity
Outstanding amounts in total from debt securities issued by Norwegian entities abroad99 5846 594597 625609 373324 345132 8421 770 363
Non-financial corporations4 1941 91453 425101 335114 481161 996357 145
Banks91 5933 729124 27781 31055 4888 838365 235
Other financial corporations3 797951419 924426 727154 37642 2101 047 985
 
Remaining maturity
Outstanding amounts in total from debt securities issued by Norwegian entities abroad392 092218 383664 251339 43597 18859 0141 770 363
Non-financial corporations66 69721 86078 993106 84254 11128 642357 145
Banks127 16549 661158 53720 7746 0043 094365 235
Other financial corporations198 231146 862426 721211 82037 07327 2781 071 680

About the statistics

The securities statistics provide a current overview of the issue and ownership of securities registered in VPS as well as Norwegian entities' debt securities abroad. Parts of the data basis are also input to the national accounts, balance of payments, financial sector accounts and credit indicators.

Definitions

Definitions of the main concepts and variables

Listed shares entails shares listed for trade at the Oslo Stock Exchange (OSE) or Oslo Axess.

Unlisted shares entails shares not listed for trade at an exchange, do not have a listed market price, and are therefore usually less liquid.

Long-term debt securities are debt securities with a duration longer than one year that can be divided between several lenders as standardized partial long-term debt securities without the borrower's approval. A long-term debt security is a negotiable financial instrument. 

Short-term debt securities are debt securities with duration less than one year. 

An issue is the opening of a new loan. 

The issuer is the institutional owner who raised the loan and registers it in his balance sheet (the original borrower). The institutional owner is not always an individual legal entity.

The borrower is the institution registering the loan in his balance sheet. This institution may differ from the issuing institution as a result of mergers, demergers, bankruptcies etc.

The market values of the stocks of securities in Norway are determined by available prices. For listed securities, they will mainly be market prices from the OSE. For unlisted securities, the latest available prices from transactions, annual assessment rates from tax purposes or nominal prices are chosen in a preferred order. From the 4th quarter of 2006, observed transaction rates are used to estimate market values of non-listed securities.

Transaction prices are based upon information about actual payments registered in the VPS, or calculated amounts if no actual payments are available. Where no actual payments are specified, market prices from OSE are used for individual trading dates in order to determine traded amounts for transactions. From the 4th quarter of 2006 observed transaction rates are used to estimate transaction values for non-listed securities

Dividends/coupon payments are actual paid out amounts during a period.

Standard classifications

Sector and industry categorization information is based on what is registered at the Coordinating Register for Legal Entities Enterprises. This classification is based on international requirements in SNA2008/ESA2010 and NACE Rev.2.

The securities number is the loan's unique identification. It is assigned by the Norwegian Central Securities Depository and based on the international standard ISO 6166:2001.

 CFI is an abbreviation for Classification of Financial Instruments and is based on the international standard ISO 10962:2001. The Norwegian Central Securities Depository is responsible for the assignment of CFI codes.

Administrative information

Name and topic

Name: Securities
Topic: Banking and financial markets

Next release

Responsible division

Division for Financial Markets Statistics

Regional level

National level, no regional divisions.

Frequency and timeliness

Quarterly. Normally published 6-7 weeks after the end of the statistics quarter

International reporting

BIS.

Microdata

Time series are stored in a database solution.

Background

Background and purpose

The statistics consists of data from the previously published statistics, “Debt securities” and “ Securities registered with the Norwegian Central Securities Depository” , published as " Securities "as of Q1 2016.  "Securities"' data series go back to Q4 2014,while older data series can be found by use of the statistics "Debt Securities" and "Securities registered within The Norwegian Central Securities Depository".  

The purpose of the statistics is to provide a current overview of the issue and ownership of securities registered in VPS as well as Norwegian entities' debt securities abroad. Parts of the data basis are also input to the national accounts, balance of payments, financial sector accounts and credit indicators.

Figures for outstanding amounts of long-term debt securities are available back to 1899. Figures for issues of long-term debt securities are available back to 1914. Historical figures on nominal yields are available back to 1900.Figures for short-term debt securities are available back to 1985. Figures for issues outside Norway by residents are available back to 1988.

Details of figures on numbers of issues of debt securities in Norway are available from 1998, while details of figures on numbers of issues abroad are available from 2001.

 

Users and applications

Major users, in addition to Statistics Norway, are users representing the securities market, public authorities and research institutes.

Equal treatment of users

No external users have access to the statistics before they are published and accessible simultaneously for all users on ssb.no.  Prior to this, a minimum of three months' advance notice is given in the Statistics Release Calendar

Coherence with other statistics

The statistics is adjusted in accordance with the national accounts recommendations.

Legal authority

The Statistics Act § 2-2

EEA reference

Council regulation 2223/96

Production

Population

The statistics consists of data from the previously published statistics, “Debt securities” and “ Securities registered with the Norwegian Central Securities Depository” , published as " Securities "as of Q1 2016. The statistics presents stock and transaction data in face values as well as market values for the following types of securities registered in VPS:

  • All shares issued by public limited companies (PLC) and a share of private limited companies. Also included are a part of or the whole share capital of foreign registered Companies..
  • Equity certificates, including all equity certificates listed on the Oslo Stock Exchange.
  • Bonds, including all bonds of short- or long maturity issued in Norway in NOK or foreign currency. Bonds in foreign currency are included in the statistics from the 4th quarter of 2006.
  • Short-term debt securities issued in Norway in NOK or foreign currency, including treasury bills issued by the Norwegian state since July 2000. Short-term debt securities in foreign currency are included in the statistics from the 4th quarter of 2006.

In addition, the statistics have information about issues and outstanding amounts in nominal values from debt securities issued by Norwegian entities abroad. 

For all debt securities issued in Norway and abroad, the statistics also have information about numbers of issues and the link between outstanding amounts, issues, redemptions and changes in outstanding amounts caused by changes in sector classification and exchange rates in nominal values.  From 2013, debt securities that have been converted into shares or other types of loans are included as "Changes in sector classification and exchange rates".

Data sources and sampling

Full sample. Information from The Norwegian Central Securities Depository (VPS), Oslo Stock Exchange (OSE), Norwegian Trustee and forms (RA-0622) contending details from issues sent to Statistics Norway

Collection of data, editing and estimations

Extracts of primary data from securities in Norway are received monthly from the Norwegian Central Securities Depository (VPS). Market values are received currently from Oslo Stock Exchange (OSE) and exchange rate information is received by the Norges Bank. Data from debt securities issued by Norwegian entities abroad are sent by issuers to Statistics Norway every month by use of a form (RA-0622).

Data is controlled at an individual security level (ISIN level) against previous reported periods. The development in the value of listed shares and bonds is revised against data published by OSE and VPS. Figures for outstanding debts are co-ordinated with the accounting statistics. Details of debt securities issued by residents abroad are also controlled against data reported to the BIS and other national and international registers.

Data series are revised on an ongoing basis and published together with data for the new statistical period.

Seasonal adjustment

Not relevant

Confidentiality

Statistics Norway's standard confidentiality rules apply.

Comparability over time and space

All "Securities"' data series go back to Q4 2014,while older data series can be found by use of the statistics "Debt Securities" and "Securities registered within The Norwegian Central Securities Depository". 

Changes in legislation, changes in regulations for registration requirements in the VPS, and the introduction of new classification standards may lead to interrupted time series.

2006: Adjustment in securities statistics:

An change in the statistics to a more detailed reporting in the 4th quarter of 2006, means that the sector and industry categorization is based on information from the Central Coordinating Register for Legal Entities Enterprises, and no longer from the Central Security Depository (VPS) itself. This caused some changes in the ownership of some securities. The sectors “Other financial corporations” and “Other non-financial corporations” and “Local government and municipal enterprises” were significantly affected by this change.

Further, the adjustment in the statistics lead to more use of observed prices from transactions for calculation of market values of securities, which particularly improved the estimation in value of unlisted shares. Calculations showed that the total value of unlisted shares registered with the VPS increased by NOK 107 billion (64 per cent) as a consequence of changed method of calculation.

The adjustment of the securities statistics also meant that bonds issued in foreign currency was included in the statistics. This lead to a NOK 20 billion increase in the market value of the stocks of bonds.

Changes in the periodic distribution of issues and outstanding amounts of debt securities from 2007:

In publications up to 2007 and the statistics bank, the periodic distribution of issues and outstanding amounts of debt securities up to 2007 is based on information about the date of the loan's approvement. This date can deviate from the date of which an issue actually took place. The periodic deviation may cause marginal errors for total amounts, but errors may be more obvious at sector level.  The periodic distribution of issues and outstanding amounts of debt securities in 2007 - 2011 is based on a combination of information about the date of the loan's approvement and issue dates. The periodic distribution of issues and outstanding amounts of debt securities from 2011 is based on details of actual issue dates whereby the distribution of issues and outstanding amounts for periods should be correct. 

 2012: New standard for sector classification was introduced.

 A new institutional sector classification was introduced from January 2012. One of the most significant changes is that the demarcation between financial – and non-financial sector was shifted so that financial sector increased in size. In addition, some new financial sectors were introduced such as “investment trusts and private equity funds” and “financial holding companies”.

 The introduction of the new sector classification leads to a break in the statistics. The new tables will contain data from the first quarter of 2012 and onwards. The older tables will not be updated with new time series.

 2012: New divide between listed - and unlisted shares

 From 2012 and onwards, the statistics the distinguishes between listed - and unlisted registered with the VPS. Listed shares entails shares registered for trade at the Oslo Stock Exchange or Oslo Axess.

 From 2013, debt securities that have been converted into shares or other types of loans are included as "Changes in sector classification and exchange rates".

Updated information about debt securities:

time series breaks may exist due to access to new information, alterations in the legal framework and in the registration rules of the Norwegian Central Securities Depository.

The tables are updated with figures for these new data from 2012.

 

Accuracy and reliability

Sources of error and uncertainty

To the degree that the fixed delivery from VPS contains errors or defects, this could affect the statistics. Processing and control routines have been established in order to detect and correct such errors and defects.

In cases where an owner of a security is registered on a nominee account of a financial enterprise, and in cases where different types lending of securities occur, others than the genuine owners will be registered in the VPS register. This can to some extent cause the application of sectors to owners of holdings and transactions to be imperfect.

In publications up to 2007 and the statistics bank, the periodic distribution of issues and outstanding amounts of debt securities up to 2007 is based on information about the date of the loan's approvement. This date can deviate from the date of which an issue actually took place. The periodic deviation may cause marginal errors for total amounts, but errors may be more obvious at sector level.  The periodic distribution of issues and outstanding amounts of debt securities in 2007 - 2011 is based on a combination of information about the date of the loan's approvement and issue dates. The periodic distribution of issues and outstanding amounts of debt securities from 2011 is based on details of actual issue dates whereby the distribution of issues and outstanding amounts for periods should be correct. 

The statistics on issues by Norwegian residents outside Norway is based on data reported to Norges Bank from the issuers. Unless all the issues are reported, the statistics will contain non-response errors. Due to non-response errors which have been discovered, figures for Norwegian entities' issues abroad were corrected in statistics published in Q3 and Q4 2013, Q3 2015 and Q1 2016.

Revision

Data may be revised in future publications.

Contact