320047
/en/bank-og-finansmarked/statistikker/verdipapirer/kvartal
320047
statistikk
2017-11-22T08:00:00.000Z
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
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Stocks (market value)
Shares (listed)2 091.52 079.52 095.52 344.0
Shares (unlisted)436.5447.1453.6459.4
Long-term debt securities issued in Norway1 864.31 928.31 912.61 938.3
Short-term debt securities issued in Norway156.1149.0156.7158.5
Equity certificates43.145.248.853.0
 
Dividends/coupon payments
Shares (listed)15.21.254.68.2
Shares (unlisted)2.00.93.73.9
Long-term debt securities issued in Norway9.911.421.37.8
Short-term debt securities issued in Norway0.30.30.30.2
Equity certificates0.00.51.60.0

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
3rd quarter 2017
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securitiesShort-term debt securities
 
Total2 343 998459 39953 0451 938 266158 519
 
Non-financial corporations289 388233 8906 46046 57014 285
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government2 17592103 61313 944
Public unincorporated enterprises, owned by local government10000
Public incorporated enterprises, owned by local government8810 60910715 0930
Private non-financial incorporated enterprises285 107222 0376 27724 378340
Private non-financial unincorporated enterprises70114141120
Private non-profit institutions serving enterprises1 948207613 3740
 
Financial corporations243 921119 59211 2651 233 05999 817
Norges Bank00000
Banks6 03830 6521 322403 74229 519
Mortgage companies03684 2488 311
Finance companies01050
State lending institutions etc.1461 729000
Financial holding companies1 03842 36124 11557
Mutual funds132 6081 4185 460275 59930 131
Investment trusts and private equity funds6 4435 1781479043
Other financial enterprises, except insurance companies and pension funds71 60332 3842 6834 2793 453
Life insurance companies and pension funds23 2625 6201 435395 36522 644
Non-life insurance companies2 78124621064 8015 698
 
General government781 8841 409141122 92730 684
Central government781 4266242112 65130 663
Local government45878614010 27721
 
Non-profit institutions serving households32 0921 78319 0447 792559
 
Households90 17024 0798 8699 316144
Unincorporated enterprises within households3154370
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.00100
Employees, recipients of property income, pensions and social contributions, students etc.90 13924 0258 8669 309144
 
Rest of the world906 40878 5497 254518 59013 031
 
Unspecified sector1349712130

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
3rd quarter 2017
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securities issued in NorwayShort-term debt securities issued in Norway
 
Total5 3163 92825428 8281 742
 
Non-financial corporations9 8084 92198-322-2 663
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government552-70..1 392-2 215
Public unincorporated enterprises, owned by local government....000
Public incorporated enterprises, owned by local government-87 1310-1 056-600
Private non-financial incorporated enterprises9 293-2 14593-884152
Private non-financial unincorporated enterprises-3-10-80
Private non-profit institutions serving enterprises-26652340
 
Financial corporations-4 593-9941661 317-1 424
Norges Bank0..000
Banks65068353 772-5 826
Mortgage companies0....-3 43536
Finance companies0..0..0
State lending institutions etc...-64000
Financial holding companies930....-22942
Mutual funds-5 093180105-1 9664 487
Investment trusts and private equity funds-1107372278..
Other financial enterprises, except insurance companies and pension funds-616-45428-1 01493
Life insurance companies and pension funds-320-1 464-54 520-373
Non-life insurance companies-353-19-410116
 
General government-9 995-85-46855 059
Central government140-84..7455 059
Local government-10 135-1-4-59..
 
Non-profit institutions serving households-770-72-178666408
 
Households-1 510-9627959-4
Unincorporated enterprises within households-2-90..0
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0....00
Employees, recipients of property income, pensions and social contributions, students etc.-1 508-9547959-4
 
Rest of the world13 6491 1029326 422367
 
Unspecified sector-1 27318000

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
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
 
Total15 1791 19454 5768 215
 
Non-financial corporations12 9571 03537 5528 093
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government11 379..19 2965 733
Public unincorporated enterprises, owned by local government0000
Public incorporated enterprises, owned by local government....634..
Private non-financial incorporated enterprises1 5781 03517 6212 361
Private non-financial unincorporated enterprises0000
Private non-profit institutions serving enterprises0000
 
Financial corporations2 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 companies2 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 world2231592 357122

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
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
 
Total15 1791 19454 5768 215
 
Non-financial corporations8354576 194730
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government5..2..
Public unincorporated enterprises, owned by local government........
Public incorporated enterprises, owned by local government1..3..
Private non-financial incorporated enterprises8224566 151724
Private non-financial unincorporated enterprises....2..
Private non-profit institutions serving enterprises71366
Financial corporations2 1061056 788609
Norges Bank0000
Banks57240987
Mortgage companies0000
Finance companies....00
State lending institutions etc.........
Financial holding companies........
Mutual funds520672 913394
Investment trusts and private equity funds111573
Other financial enterprises, except insurance companies and pension funds1 379222 72269
Life insurance companies and pension funds1391252749
Non-life insurance companies101597
General government7 4884520 1404 204
Central government7 4874519 7894 203
Local government1..3512
Non-profit institutions serving households3021 11018
Households514662 015325
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.514662 014325
Rest of the world4 08951818 2762 324
Unspecified sector1161545

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
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
Debt securities issued in Norway
Long-term debt securities issued in Norway78 377107 082137 660141 62790 204
- domestic issuers64 80797 601115 65299 21266 872
Short-term debt securities issued in Norway55 91168 54068 06480 37567 501
- domestic issuers55 52668 54068 06479 39266 998
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad50 74144 664123 83858 93128 403
Sertifikater emittert i utlandet192 999212 306223 724236 418260 407
 
Non-financial corporations
Long-term debt securities issued in Norway10 84819 12916 70523 29113 703
Long-term debt securities issued abroad2 98110 9614 56400
Short-term debt securities issued in Norway7 67513 5488 75717 97715 659
Short-term debt securities issued abroad36 96039 77631 93722 74530 124
 
Financial corporations
Long-term debt securities issued in Norway37 91160 39862 66258 16538 999
Long-term debt securities issued abroad47 75933 701119 27358 93128 404
Short-term debt securities issued in Norway7182501 6901 7501 000
Short-term debt securities issued abroad156 038172 530191 786213 673230 283
 
General government
Long-term debt securities issued in Norway16 04918 00936 28517 75514 170
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway47 13454 74257 61859 66650 340
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway13 5699 48222 00742 41623 333
Short-term debt securities issued in Norway38600982503

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
3rd quarter 20164th quarter 20161st quarter 20172nd quarter 20173rd quarter 2017
 
Debt securities issued in Norway
Long-term debt securities issued in Norway1 821 7921 861 4721 917 6211 897 2581 920 655
domestic issuers1 557 8881 593 6201 650 5481 630 9581 646 554
Stort-term debt securities issued in Norway161 329156 260149 122156 855158 594
domestic issuers160 819155 745148 741155 676157 675
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad1 675 8331 680 2771 717 0401 670 7791 597 158
Stort-term debt securities issued abroad105 772120 644134 41399 584116 095
 
Non-financial corporations
Long-term debt securities issued in Norway263 717271 420277 210278 197279 406
Long-term debt securities issued abroad354 622372 036377 022352 950322 017
Stort-term debt securities issued in Norway16 49918 47416 52422 36424 489
Stort-term debt securities issued abroad5 3744 3107 9674 1942 392
 
Financial corporations
Long-term debt securities issued in Norway827 965849 521877 440887 922890 039
Long-term debt securities issued abroad1 321 2121 308 2421 340 0171 317 8301 275 141
Stort-term debt securities issued in Norway5 2642 5853 2931 8432 115
Stort-term debt securities issued abroad100 398116 334126 44695 390113 703
 
Central government
Long-term debt securities issued in Norway466 206472 614495 898464 839477 110
Long-term debt securities issued abroad00000
Stort-term debt securities issued in Norway139 056134 686128 924131 470131 072
Stort-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway263 904267 852267 073266 300274 101
Stort-term debt securities issued in Norway5105163821 179918

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 824 478446 518-423 035-55 4583 792 503
Debt securities issued by Norwegian entitites3 556 997422 680-411 150-51 0453 517 482
Debt securities issued in Norway2 054 113157 705-126 882-5 6872 079 249
Debt securities issued by Norwegian entities in Norway1 786 634133 870-114 998-1 2771 804 229
 
Non-financial corporations
Long-term debt securities issued in Norway278 19713 703-11 501-993279 406
Long-term debt securities issued abroad352 9500-17 694-13 239322 017
Short-term debt securities issued in Norway22 36415 659-13 513-2124 489
Short-term debt securities issued abroad4 19430 124-31 641-2852 392
 
Financial corporations
Long-term debt securities issued in Norway887 92238 999-36 622-260890 039
Long-term debt securities issued abroad1 317 83028 404-38 788-32 3051 275 141
Short-term debt securities issued in Norway1 8431 000-72802 115
Short-term debt securities issued abroad95 390230 283-208 028-3 942113 703
 
Central government
Long-term debt securities issued in Norway464 83914 170-1 8990477 110
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway131 47050 340-50 737-1131 072
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway266 30023 333-11 134-4 398274 101
Short-term debt securities issued in Norway1 179503-750-14918

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 Norway138 39742 614549 576804 508498 89845 2562 079 249
Non-financial corporations24 4893 948104 644119 49045 2156 108303 894
Banks1 3504 265158 722120 54623 47820 558328 919
Other financial corporations7656 42591 253394 21556 30514 272563 235
Central government and social security funds55 00020 000029 000350 000.454 000
Local government56 0725 60644 51740 5927 015381154 183
Non-profit institutions serving households
Households
Rest of the world7212 370150 439100 66516 8863 938275 019
 
Remaining maturity
Outstanding amounts in total from debt securities issued in Norway392 024354 587852 360408 97932 03139 2682 079 249
Non-financial corporations59 15841 623119 42569 21912 1502 320303 895
Banks64 20271 378132 89738 4651 57520 403328 920
Other financial corporations69 13776 537339 49149 74215 25613 072563 235
Central government and social security funds75 00084 00080 000215 000..454 000
Local government73 87319 55839 71019 5411 500.154 182
Non-profit institutions serving households00....0
Households00....0
Rest of the world50 65561 491140 83817 0121 5503 473275 019

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 abroad116 09511 304571 612574 498308 667131 0771 713 253
Non-financial corporations2 3921 88351 06587 824102 601155 776324 408
Banks111 0604 558119 38378 55154 95210 632379 136
Other financial corporations2 6434 864401 164408 123151 11541 8001 009 709
 
Remaining maturity
Outstanding amounts in total from debt securities issued by Norwegian entities abroad363 883226 436651 053321 71792 93057 2341 713 253
Non-financial corporations45 37526 43869 642107 19648 53127 226324 408
Banks151 83945 012151 68819 4246 2744 898379 135
Other financial corporations166 669154 985429 723195 09738 12525 1101 031 322

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