369900
/en/bank-og-finansmarked/statistikker/verdipapirer/kvartal
369900
statistikk
2019-08-22T08:00:00.000Z
Banking and financial markets
en
verdipapirer, SecuritiesSecurities markets , Banking and financial markets
true

Securities

Updated

Next update

Key figures

-1.4 %

changes in stocks of listed shares

Stocks of securities registered with VPS by type of security. NOK billion and per cent
2nd quarter 20181st quarter 20192nd quarter 2019Changes in per cent
1st quarter 2019 - 2nd quarter 20192nd quarter 2018 - 2nd quarter 2019
Stocks (market value)
Shares (listed)2 7042 6042 568-1.4-5.0
Shares (unlisted)438470444-5.61.4
Equity certificates5557617.212.6
Long-term debt securities2 0352 1392 109-1.43.7
Short-term debt securities148144144-0.2-2.7
 
Total5 3805 4145 327-1.6-1.0

See selected tables from this statistics

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 2019
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securitiesShort-term debt securities
 
Total2 567 989444 02461 4392 109 480143 604
 
Non-financial corporations359 024227 4458 07342 92917 297
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government6 35951603 35315 137
Public unincorporated enterprises, owned by local government500430
Public incorporated enterprises, owned by local government77084511314 096376
Private non-financial incorporated enterprises349 983225 4827 89321 5821 784
Private non-financial unincorporated enterprises11112081010
Private non-profit institutions serving enterprises1 796483603 7540
 
Financial corporations258 240127 54512 3321 320 51190 378
Norges Bank00000
Banks6 91041 3691 324475 98833 320
Mortgage companies03267 9104 288
Finance companies000280
State lending institutions etc.1081 339000
Financial holding companies2 58940 87823 359..
Mutual funds138 9931 9936 080304 24222 666
Investment trusts and private equity funds5 6514 2382571 25010
Other financial enterprises, except insurance companies and pension funds81 32135 8723 0664 5943 186
Life insurance companies and pension funds20 7491 6841 379400 54921 899
Non-life insurance companies1 92016922262 5915 008
 
General government813 1061 986184104 09521 207
Central government812 6431 240293 81221 195
Local government46374618210 28312
 
Non-profit institutions serving households33 1001 74021 1197 511603
 
Households94 44522 97510 9568 70236
Unincorporated enterprises within households1859290
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.00000
Employees, recipients of property income, pensions and social contributions, students etc.94 42722 91510 9548 69336
 
Rest of the world1 009 91962 2408 750625 70914 084
 
Unspecified sector1569425220

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 2019
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securities issued in NorwayShort-term debt securities issued in Norway
 
Total30 3375 872500-24 699-262
 
Non-financial corporations10 9175981976 267-2 317
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government24800-45-1 194
Public unincorporated enterprises, owned by local government4..0330
Public incorporated enterprises, owned by local government-65862536-544
Private non-financial incorporated enterprises11 2635861915 636-579
Private non-financial unincorporated enterprises08020
Private non-profit institutions serving enterprises59-151060
 
Financial corporations1 269-1 806308-42 9265 406
Norges Bank0..000
Banks3241 525-31-37 1505 587
Mortgage companies0....-4 313-1 047
Finance companies00000
State lending institutions etc.926000
Financial holding companies-22-78..-1 320-30
Mutual funds1 9282902548 246-471
Investment trusts and private equity funds204-1101814710
Other financial enterprises, except insurance companies and pension funds-746-1 29498-1 978-337
Life insurance companies and pension funds-321-2 167-41-4 7482 459
Non-life insurance companies-107311-1 811-766
 
General government2 26221-3-6 878-5 740
Central government2 25621..-7 078-5 740
Local government60-3200..
 
Non-profit institutions serving households202-14-84516-40
 
Households524-238134697-1
Unincorporated enterprises within households00020
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0....00
Employees, recipients of property income, pensions and social contributions, students etc.524-238134695-1
 
Rest of the world15 1597 313-5417 6252 430
 
Unspecified sector4-2100

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 20184th quarter 20181st quarter 20192nd quarter 2019
 
Total9 95323 04210 44659 687
 
Non-financial corporations9 86022 88410 40538 815
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government6 42919 0726 60415 094
Public unincorporated enterprises, owned by local government0000
Public incorporated enterprises, owned by local government....00
Private non-financial incorporated enterprises3 4313 8123 80123 721
Private non-financial unincorporated enterprises0000
Private non-profit institutions serving enterprises0000
 
Financial corporations......19 632
Norges Bank0000
Banks......1 393
Mortgage companies0000
Finance companies0000
State lending institutions etc.0000
Financial holding companies......14 504
Mutual funds0000
Investment trusts and private equity funds........
Other financial enterprises, except insurance companies and pension funds......184
Life insurance companies and pension funds0000
Non-life insurance companies......3 550
 
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 world92158411 241

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 20184th quarter 20181st quarter 20192nd quarter 2019
 
Total9 95323 04210 44659 687
 
Non-financial corporations8511 1529648 565
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government......49
Public unincorporated enterprises, owned by local government........
Public incorporated enterprises, owned by local government......71
Private non-financial incorporated enterprises8471 1419598 406
Private non-financial unincorporated enterprises......3
Private non-profit institutions serving enterprises410536
Financial corporations5311 1984996 932
Norges Bank0000
Banks388517125
Mortgage companies0000
Finance companies0000
State lending institutions etc.........
Financial holding companies........
Mutual funds3628363813 369
Investment trusts and private equity funds1084155
Other financial enterprises, except insurance companies and pension funds57120372 761
Life insurance companies and pension funds5813756478
Non-life insurance companies511443
General government4 70612 1974 86518 250
Central government4 70612 1954 86418 236
Local government..2..13
Non-profit institutions serving households61671 543
Households2775743032 217
Unincorporated enterprises within households........
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.2775743032 217
Rest of the world3 5507 7493 79622 049
Unspecified sector3215612131

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 20183rd quarter 20184th quarter 20181st quarter 20192nd quarter 2019
Debt securities issued in Norway
Long-term debt securities issued in Norway146 47775 217103 449154 769113 951
- domestic issuers123 46958 19589 942122 40091 048
Short-term debt securities issued in Norway67 97664 19368 16370 46279 024
- domestic issuers67 87664 09365 76969 44278 923
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad70 62052 92050 791114 93775 677
Sertifikater emittert i utlandet196 433167 082133 121256 303177 008
 
Non-financial corporations
Long-term debt securities issued in Norway23 7244 81514 2108 53124 829
Long-term debt securities issued abroad8 1698 3861 3846 71326 129
Short-term debt securities issued in Norway9 4338 0069 25910 04316 141
Short-term debt securities issued abroad87 64653 82353 41633 95945 158
 
Financial corporations
Long-term debt securities issued in Norway67 91242 56558 40176 34444 453
Long-term debt securities issued abroad62 45244 53549 407108 22549 550
Short-term debt securities issued in Norway9105502 5723751 135
Short-term debt securities issued abroad108 788113 26079 707222 344131 847
 
General government
Long-term debt securities issued in Norway31 83310 81517 33037 52421 766
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway57 53455 53853 93959 02461 648
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway23 00817 02313 50732 36822 902
Short-term debt securities issued in Norway1001002 3931 020101

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 20183rd quarter 20184th quarter 20181st quarter 20192nd quarter 2019
 
Debt securities issued in Norway
Long-term debt securities issued in Norway2 029 9232 044 5342 063 9352 126 3302 097 995
domestic issuers1 733 2711 745 0101 767 9331 810 5441 781 408
Stort-term debt securities issued in Norway147 838140 350144 283144 209143 959
domestic issuers147 523140 146141 653141 429141 924
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad1 625 7831 648 9921 739 3731 733 4411 754 738
Stort-term debt securities issued abroad116 763100 97978 896133 960143 076
 
Non-financial corporations
Long-term debt securities issued in Norway319 262317 838321 326321 766330 531
Long-term debt securities issued abroad305 807313 796326 458327 534344 114
Stort-term debt securities issued in Norway14 22311 82811 62712 35417 821
Stort-term debt securities issued abroad22 8663 9008 8514 9337 181
 
Financial corporations
Long-term debt securities issued in Norway905 125917 906937 543958 351954 049
Long-term debt securities issued abroad1 319 9781 335 1961 412 9151 405 9071 410 623
Stort-term debt securities issued in Norway1 3351 3603 0343 2241 930
Stort-term debt securities issued abroad93 89697 07970 045129 028135 895
 
Central government
Long-term debt securities issued in Norway508 884509 265509 065530 427496 828
Long-term debt securities issued abroad00000
Stort-term debt securities issued in Norway131 966126 959126 992125 852122 173
Stort-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway296 652299 524296 002315 786316 588
Stort-term debt securities issued in Norway3152042 6302 7802 035

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 abroad4 137 942445 659-447 451-7 9544 139 768
Debt securities issued by Norwegian entitites3 819 374422 656-425 362-7 0933 821 146
Debt securities issued in Norway2 270 539192 975-220 326-1 2342 241 954
Debt securities issued by Norwegian entities in Norway1 951 973169 971-198 240-3721 923 332
 
Non-financial corporations
Long-term debt securities issued in Norway321 76624 829-15 679-385330 531
Long-term debt securities issued abroad327 53426 129-7 545-2 004344 114
Short-term debt securities issued in Norway12 35416 141-10 673-117 821
Short-term debt securities issued abroad4 93345 158-42 775-1357 181
 
Financial corporations
Long-term debt securities issued in Norway958 35144 453-48 7605954 049
Long-term debt securities issued abroad1 405 90749 550-53 784-2 6221 410 623
Short-term debt securities issued in Norway3 2241 135-2 43891 930
Short-term debt securities issued abroad129 028131 847-123 018-1 962135 895
 
Central government
Long-term debt securities issued in Norway530 42721 766-55 3661496 828
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway125 85261 648-65 3270122 173
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway315 78622 902-21 250-850316 588
Short-term debt securities issued in Norway2 780101-836-102 035

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 26314 404653 149880 989504 83550 3152 241 955
Non-financial corporations16 6733 729146 865129 43045 7265 929348 352
Banks1 8701 200171 017116 90629 51024 608345 111
Other financial corporations01 900119 447419 29954 58815 635610 869
Central government and social security funds70 1551202 17041 850342 778.457 073
Local government47 5436 30751 43745 02611 365250161 928
Non-profit institutions serving households
Households
Rest of the world2 0211 148162 214128 47920 8683 893318 623
 
Remaining maturity
Outstanding amounts in total from debt securities issued in Norway440 580396 851985 862322 23552 07744 3492 241 954
Non-financial corporations67 88744 113172 73053 1228 3722 127348 351
Banks56 66072 394155 24634 3761 97524 459345 110
Other financial corporations109 360124 847302 42750 6909 21014 335610 869
Central government and social security funds70 97589 700123 270148 12825 000.457 073
Local government70 79020 31751 56917 7511 500.161 927
Non-profit institutions serving households00....0
Households00....0
Rest of the world64 91045 479180 61918 1676 0203 428318 623

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 abroad143 12413 558573 775654 193363 296149 1891 897 135
Non-financial corporations7 181036 10896 807131 360159 678351 294
Banks134 9744 069149 60183 21258 67510 409440 940
Other financial corporations9699 489388 066474 174173 26158 9411 104 900
 
Remaining maturity
Outstanding amounts in total from debt securities issued by Norwegian entities abroad395 569289 996672 471384 66294 17560 7471 897 620
Non-financial corporations37 23934 03578 312131 00741 61129 090351 294
Banks192 33384 449140 6939 03511 7543 160441 424
Other financial corporations165 996171 511453 466244 61940 81028 4971 130 488

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.