320680
/en/bank-og-finansmarked/statistikker/verdipapirer/kvartal
320680
statistikk
2018-02-22T08:00:00.000Z
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
1st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
Stocks (market value)
Shares (listed)2 079.52 095.52 344.02 456.9
Shares (unlisted)447.1454.3459.5456.5
Long-term debt securities issued in Norway1 925.71 910.21 935.91 969.4
Short-term debt securities issued in Norway149.0156.7158.5152.3
Equity certificates45.248.853.054.9
 
Dividends/coupon payments
Shares (listed)1.254.68.219.2
Shares (unlisted)0.93.73.91.0
Long-term debt securities issued in Norway11.421.37.89.3
Short-term debt securities issued in Norway0.30.30.20.2
Equity certificates0.51.60.00.0

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
4th quarter 2017
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securitiesShort-term debt securities
 
Total2 456 937456 50854 8531 969 417152 343
 
Non-financial corporations295 519235 8556 67544 20216 022
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government3 52287303 65115 683
Public unincorporated enterprises, owned by local government20000
Public incorporated enterprises, owned by local government6510 65611014 82118
Private non-financial incorporated enterprises290 093224 0246 50222 106322
Private non-financial unincorporated enterprises7511181100
Private non-profit institutions serving enterprises1 763190553 5150
 
Financial corporations254 051122 17911 2911 247 14795 385
Norges Bank00000
Banks6 17330 9341 294397 50623 736
Mortgage companies03688 6767 602
Finance companies01050
State lending institutions etc.1461 505000
Financial holding companies1 70042 30422 36547
Mutual funds132 7932 5955 639281 22930 290
Investment trusts and private equity funds6 2924 5131659730
Other financial enterprises, except insurance companies and pension funds81 04134 2402 5136 5623 584
Life insurance companies and pension funds23 4465 8001 448404 10323 970
Non-life insurance companies2 46028522565 7276 157
 
General government834 4052 701151122 70228 824
Central government833 9601 8952112 49328 810
Local government44580714910 20814
 
Non-profit institutions serving households30 9831 80019 9877 967711
 
Households92 31824 0729 1119 073132
Unincorporated enterprises within households1978360
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.00100
Employees, recipients of property income, pensions and social contributions, students etc.92 29923 9949 1079 067132
 
Rest of the world949 50469 8057 619538 31411 268
 
Unspecified sector1579619130

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
4th quarter 2017
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securities issued in NorwayShort-term debt securities issued in Norway
 
Total15 059-10 14658533 740-6 248
 
Non-financial corporations-5 761962845801 731
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government1 129-6..441 738
Public unincorporated enterprises, owned by local government..0000
Public incorporated enterprises, owned by local government-22263-99518
Private non-financial incorporated enterprises-6 618944941 389-24
Private non-financial unincorporated enterprises20-7-20
Private non-profit institutions serving enterprises-251-3-61430
 
Financial corporations-4 4501 415141 872-4 497
Norges Bank0..000
Banks-704714-56-17 185-5 808
Mortgage companies0....4 784-706
Finance companies0..0..0
State lending institutions etc...40000
Financial holding companies729-59..-1 752-10
Mutual funds-2 9311 0291125 747140
Investment trusts and private equity funds-210-7101669-3
Other financial enterprises, except insurance companies and pension funds-691467-79120128
Life insurance companies and pension funds-227-8389 1051 309
Non-life insurance companies-4161612984453
 
General government5 6251008-649-1 823
Central government5 646100..-600-1 816
Local government-2108-49-7
 
Non-profit institutions serving households-168-1844305152
 
Households-649-440169-316-16
Unincorporated enterprises within households-900-10
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0....00
Employees, recipients of property income, pensions and social contributions, students etc.-641-440169-315-16
 
Rest of the world20 463-15 11026631 948-1 794
 
Unspecified sector02 945000

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
1st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
 
Total1 19454 5768 21519 202
 
Non-financial corporations1 03537 5528 09319 054
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government..19 2965 73311 520
Public unincorporated enterprises, owned by local government0000
Public incorporated enterprises, owned by local government..634....
Private non-financial incorporated enterprises1 03517 6212 3617 533
Private non-financial unincorporated enterprises0000
Private non-profit institutions serving enterprises0000
 
Financial corporations..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..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 world1592 357122148

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
1st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
 
Total1 19454 5768 21519 202
 
Non-financial corporations4576 1947302 917
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government..2....
Public unincorporated enterprises, owned by local government........
Public incorporated enterprises, owned by local government..3....
Private non-financial incorporated enterprises4566 1517242 907
Private non-financial unincorporated enterprises..2....
Private non-profit institutions serving enterprises136610
Financial corporations1056 7886091 067
Norges Bank0000
Banks240987176
Mortgage companies0000
Finance companies..000
State lending institutions etc.........
Financial holding companies........
Mutual funds672 913394663
Investment trusts and private equity funds1157310
Other financial enterprises, except insurance companies and pension funds222 7226987
Life insurance companies and pension funds1252749120
Non-life insurance companies15979
General government4520 1404 2047 943
Central government4519 7894 2037 941
Local government..35122
Non-profit institutions serving households21 1101845
Households662 015325745
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.662 014325745
Rest of the world51818 2762 3246 074
Unspecified sector1545410

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
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
Debt securities issued in Norway
Long-term debt securities issued in Norway107 082137 660141 62790 204110 312
- domestic issuers97 601115 65299 21266 87298 619
Short-term debt securities issued in Norway68 54068 06480 37567 50162 253
- domestic issuers68 54068 06479 39266 99861 875
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad44 664128 28158 93131 75860 144
Sertifikater emittert i utlandet212 306223 724237 436261 287278 289
 
Non-financial corporations
Long-term debt securities issued in Norway19 12916 70523 29113 70333 902
Long-term debt securities issued abroad10 9619 00703 3554 767
Short-term debt securities issued in Norway13 5488 75717 97715 65910 543
Short-term debt securities issued abroad39 77631 93723 76331 00423 077
 
Financial corporations
Long-term debt securities issued in Norway60 39862 66258 16538 99948 084
Long-term debt securities issued abroad33 701119 27358 93128 40455 376
Short-term debt securities issued in Norway2501 6901 7501 0002 000
Short-term debt securities issued abroad172 530191 786213 673230 283255 212
 
General government
Long-term debt securities issued in Norway18 00936 28517 75514 17016 634
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway54 74257 61859 66650 34049 331
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway9 48222 00742 41623 33311 692
Short-term debt securities issued in Norway00982503378

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
4th quarter 20161st quarter 20172nd quarter 20173rd quarter 20174th quarter 2017
 
Debt securities issued in Norway
Long-term debt securities issued in Norway1 861 4721 917 6211 897 2581 920 6551 958 900
domestic issuers1 593 6201 650 5481 630 9581 646 5541 674 792
Stort-term debt securities issued in Norway156 260149 122156 855158 594152 441
domestic issuers155 745148 741155 676157 675151 635
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad1 698 4831 739 8721 694 0491 622 9561 679 030
Stort-term debt securities issued abroad120 644134 413100 626117 998119 318
 
Non-financial corporations
Long-term debt securities issued in Norway271 420277 210278 197279 406304 977
Long-term debt securities issued abroad390 241399 855376 220347 815331 491
Stort-term debt securities issued in Norway18 47416 52422 36424 48920 552
Stort-term debt securities issued abroad4 3107 9675 2374 2945 641
 
Financial corporations
Long-term debt securities issued in Norway849 521877 440887 922890 039881 180
Long-term debt securities issued abroad1 308 2421 340 0171 317 8301 275 1411 347 539
Stort-term debt securities issued in Norway2 5853 2931 8432 1151 881
Stort-term debt securities issued abroad116 334126 44695 390113 703113 677
 
Central government
Long-term debt securities issued in Norway472 614495 898464 839477 110488 634
Long-term debt securities issued abroad00000
Stort-term debt securities issued in Norway134 686128 924131 470131 072129 202
Stort-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway267 852267 073266 300274 101284 108
Stort-term debt securities issued in Norway5163821 179918806

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 820 203510 996-493 09671 5853 909 688
Debt securities issued by Norwegian entitites3 545 183498 927-477 25457 9193 624 775
Debt securities issued in Norway2 079 249172 565-144 9514 4782 111 341
Debt securities issued by Norwegian entities in Norway1 804 229160 494-129 104-9 1921 826 427
 
Non-financial corporations
Long-term debt securities issued in Norway279 40633 902-10 2021 871304 977
Long-term debt securities issued abroad347 8154 767-33 54512 454331 491
Short-term debt securities issued in Norway24 48910 543-14 4911120 552
Short-term debt securities issued abroad4 29423 077-21 8811515 641
 
Financial corporations
Long-term debt securities issued in Norway890 03948 084-45 972-10 971881 180
Long-term debt securities issued abroad1 275 14155 376-34 79351 8151 347 539
Short-term debt securities issued in Norway2 1152 000-2 23401 881
Short-term debt securities issued abroad113 703255 212-257 9282 690113 677
 
Central government
Long-term debt securities issued in Norway477 11016 634-5 001-109488 634
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway131 07249 331-51 2021129 202
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway274 10111 692-15 34713 662284 108
Short-term debt securities issued in Norway918378-50010806

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 Norway129 20646 859564 013821 026504 12646 1112 111 341
Non-financial corporations20 5174 948121 787126 20245 8906 185325 529
Banks1 7603 950155 117119 79421 33819 882321 841
Other financial corporations1216 81694 488388 48055 50515 809561 219
Central government and social security funds51 00023 000034 000356 000.464 000
Local government55 2025 60641 40644 3417 015266153 836
Non-profit institutions serving households
Households
Rest of the world6062 539151 214108 20918 3793 968284 915
 
Remaining maturity
Outstanding amounts in total from debt securities issued in Norway377 774388 174853 272420 59131 39740 1332 111 341
Non-financial corporations53 07454 261129 21174 36812 3222 293325 529
Banks57 49062 583143 77536 1902 07519 728321 841
Other financial corporations67 229106 270311 32047 84213 95014 609561 220
Central government and social security funds74 00084 00083 000223 000..464 000
Local government74 52816 70941 36319 7361 500.153 836
Non-profit institutions serving households00....0
Households00....0
Rest of the world51 45364 351144 60219 4561 5503 503284 915

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 abroad121 62311 632584 889628 707315 284136 2131 798 348
Non-financial corporations5 6411 96847 748100 72099 737161 076337 133
Banks111 1435 212143 67781 60457 73011 021410 387
Other financial corporations4 8394 452393 465446 382157 81743 8741 050 829
 
Remaining maturity
Outstanding amounts in total from debt securities issued by Norwegian entities abroad390 397236 060668 484347 76298 35157 2931 798 347
Non-financial corporations41 01632 26776 586103 92155 32328 020337 133
Banks161 10041 339179 67316 8046 3765 095410 387
Other financial corporations188 281162 454412 226227 03736 65324 1781 072 055

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