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Key figures
1.9 %
Changes in stocks of listed shares
3rd quarter 2018 | 2nd quarter 2019 | 3rd quarter 2019 | Changes in per cent | ||
---|---|---|---|---|---|
2nd quarter 2019 - 3rd quarter 2019 | 3rd quarter 2018 - 3rd quarter 2019 | ||||
Stocks (market value) | |||||
Shares (listed) | 2 859 | 2 568 | 2 616 | 1.9 | -8.5 |
Shares (unlisted) | 456 | 448 | 440 | -1.7 | -3.5 |
Equity certificates | 58 | 61 | 61 | 0.0 | 5.3 |
Long-term debt securities | 2 051 | 2 111 | 2 138 | 1.3 | 4.3 |
Short-term debt securities | 140 | 144 | 133 | -7.5 | -5.2 |
Total | 5 564 | 5 331 | 5 388 | 1.1 | -3.2 |
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
3rd quarter 2019 | |||||
---|---|---|---|---|---|
Shares (listed) | Shares (unlisted) | Equity certificates | Long-term debt securities | Short-term debt securities | |
Total | 2 615 589 | 440 235 | 61 464 | 2 138 268 | 132 848 |
Non-financial corporations | 360 766 | 225 742 | 8 102 | 41 264 | 14 195 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by central government | 7 475 | 427 | 0 | 2 670 | 13 734 |
Public unincorporated enterprises, owned by local government | 6 | 0 | 0 | 45 | 0 |
Public incorporated enterprises, owned by local government | 927 | 843 | 115 | 13 998 | 411 |
Private non-financial incorporated enterprises | 350 415 | 223 920 | 7 922 | 20 796 | 50 |
Private non-financial unincorporated enterprises | 110 | 121 | 10 | 96 | 0 |
Private non-profit institutions serving enterprises | 1 834 | 430 | 56 | 3 659 | 0 |
Financial corporations | 271 093 | 127 536 | 12 506 | 1 323 189 | 81 725 |
Norges Bank | 0 | 0 | 0 | 0 | 0 |
Banks | 9 077 | 41 032 | 1 303 | 466 351 | 27 175 |
Mortgage companies | 0 | 2 | 2 | 79 727 | 3 414 |
Finance companies | 0 | 0 | 0 | 27 | 0 |
State lending institutions etc. | 148 | 1 457 | 0 | 0 | 0 |
Financial holding companies | 59 | 40 879 | 2 | 3 025 | 0 |
Mutual funds | 140 866 | 2 043 | 6 209 | 307 394 | 23 333 |
Investment trusts and private equity funds | 5 420 | 4 281 | 292 | 1 259 | 35 |
Other financial enterprises, except insurance companies and pension funds | 92 519 | 36 003 | 3 086 | 4 585 | 3 135 |
Life insurance companies and pension funds | 21 174 | 1 684 | 1 394 | 399 929 | 19 723 |
Non-life insurance companies | 1 831 | 155 | 218 | 60 892 | 4 910 |
General government | 822 630 | 2 061 | 185 | 105 067 | 18 968 |
Central government | 822 177 | 1 240 | 2 | 94 934 | 18 963 |
Local government | 453 | 821 | 183 | 10 133 | 6 |
Non-profit institutions serving households | 32 913 | 1 734 | 21 130 | 7 413 | 547 |
Households | 97 731 | 23 102 | 10 926 | 8 429 | 28 |
Unincorporated enterprises within households | 17 | 63 | 2 | 9 | 0 |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | 0 | 0 | 0 | 0 | 0 |
Employees, recipients of property income, pensions and social contributions, students etc. | 97 714 | 23 039 | 10 924 | 8 420 | 28 |
Rest of the world | 1 030 310 | 59 963 | 8 601 | 652 892 | 17 384 |
Unspecified sector | 146 | 96 | 14 | 13 | 0 |
Table 2
Net purchases of securities registered with the VPS, by purchasing sector and type of security. Latest quarter. Market value. NOK million
3rd quarter 2019 | |||||
---|---|---|---|---|---|
Shares (listed) | Shares (unlisted) | Equity certificates | Long-term debt securities issued in Norway | Short-term debt securities issued in Norway | |
Total | 898 | -10 011 | 89 | 20 466 | -10 900 |
Non-financial corporations | 659 | -5 282 | 8 | -1 671 | -1 573 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by central government | 541 | -84 | 0 | -411 | -1 404 |
Public unincorporated enterprises, owned by local government | 0 | .. | 0 | 2 | 0 |
Public incorporated enterprises, owned by local government | 23 | 2 | .. | -99 | 35 |
Private non-financial incorporated enterprises | 64 | -5 150 | 10 | -1 121 | -204 |
Private non-financial unincorporated enterprises | 3 | 1 | 2 | -4 | 0 |
Private non-profit institutions serving enterprises | 28 | -51 | -4 | -39 | 0 |
Financial corporations | -296 | -2 605 | 189 | 1 823 | -10 401 |
Norges Bank | 0 | .. | 0 | 0 | 0 |
Banks | 904 | 164 | -9 | -9 714 | -7 799 |
Mortgage companies | 0 | 0 | .. | 11 668 | -874 |
Finance companies | 0 | 0 | 0 | .. | 0 |
State lending institutions etc. | .. | 111 | 0 | 0 | 0 |
Financial holding companies | -2 569 | 5 | .. | -329 | 0 |
Mutual funds | 1 063 | -320 | 109 | 2 814 | 638 |
Investment trusts and private equity funds | 820 | -2 226 | 7 | 8 | 25 |
Other financial enterprises, except insurance companies and pension funds | -567 | -320 | 74 | -120 | -61 |
Life insurance companies and pension funds | 90 | -20 | 13 | -762 | -2 219 |
Non-life insurance companies | -38 | 0 | -5 | -1 743 | -112 |
General government | -6 248 | -1 | 1 | 508 | -2 118 |
Central government | -6 235 | .. | .. | 687 | -2 112 |
Local government | -12 | -1 | 1 | -178 | -6 |
Non-profit institutions serving households | -4 | -100 | 46 | -129 | -58 |
Households | 982 | -880 | 7 | -320 | -8 |
Unincorporated enterprises within households | -2 | -1 | 0 | .. | 0 |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | 0 | .. | .. | 0 | 0 |
Employees, recipients of property income, pensions and social contributions, students etc. | 984 | -880 | 7 | -320 | -8 |
Rest of the world | 5 809 | -1 141 | -163 | 20 256 | 3 258 |
Unspecified sector | -4 | -1 | 0 | .. | 0 |
Table 3
Paid out dividends on listed shares registered with the VPS, by paying sector. NOK million
4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|
Total | 23 042 | 10 446 | 59 687 | 11 644 |
Non-financial corporations | 22 884 | 10 405 | 38 815 | 11 490 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by central government | 19 072 | 6 604 | 15 094 | 7 774 |
Public unincorporated enterprises, owned by local government | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by local government | .. | 0 | 0 | 0 |
Private non-financial incorporated enterprises | 3 812 | 3 801 | 23 721 | 3 716 |
Private non-financial unincorporated enterprises | 0 | 0 | 0 | 0 |
Private non-profit institutions serving enterprises | 0 | 0 | 0 | 0 |
Financial corporations | .. | .. | 19 632 | .. |
Norges Bank | 0 | 0 | 0 | 0 |
Banks | .. | .. | 1 393 | .. |
Mortgage companies | 0 | 0 | 0 | 0 |
Finance companies | 0 | 0 | 0 | 0 |
State lending institutions etc. | 0 | 0 | 0 | 0 |
Financial holding companies | .. | .. | 14 504 | .. |
Mutual funds | 0 | 0 | 0 | 0 |
Investment trusts and private equity funds | .. | .. | .. | .. |
Other financial enterprises, except insurance companies and pension funds | .. | .. | 184 | .. |
Life insurance companies and pension funds | 0 | 0 | 0 | 0 |
Non-life insurance companies | .. | .. | 3 550 | .. |
General government | 0 | 0 | 0 | 0 |
Central government | 0 | 0 | 0 | 0 |
Local government | 0 | 0 | 0 | 0 |
Non-profit institutions serving households | 0 | 0 | 0 | 0 |
Households | 0 | 0 | 0 | 0 |
Unincorporated enterprises within households | 0 | 0 | 0 | 0 |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | 0 | 0 | 0 | 0 |
Employees, recipients of property income, pensions and social contributions, students etc. | 0 | 0 | 0 | 0 |
Rest of the world | 158 | 41 | 1 241 | 154 |
Table 4
Paid out dividends on listed shares registered with the VPS, by receiving sector. NOK million
4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|
Total | 23 042 | 10 446 | 59 687 | 11 644 |
Non-financial corporations | 1 152 | 964 | 8 396 | 1 060 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 |
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 enterprises | 1 141 | 959 | 8 237 | 1 055 |
Private non-financial unincorporated enterprises | .. | .. | 3 | .. |
Private non-profit institutions serving enterprises | 10 | 5 | 36 | 5 |
Financial corporations | 1 198 | 499 | 7 101 | 523 |
Norges Bank | 0 | 0 | 0 | 0 |
Banks | 85 | 17 | 125 | 12 |
Mortgage companies | 0 | 0 | 0 | 0 |
Finance companies | 0 | 0 | 0 | 0 |
State lending institutions etc. | .. | .. | .. | .. |
Financial holding companies | .. | .. | .. | .. |
Mutual funds | 836 | 381 | 3 369 | 408 |
Investment trusts and private equity funds | 8 | 4 | 155 | 4 |
Other financial enterprises, except insurance companies and pension funds | 120 | 37 | 2 930 | 37 |
Life insurance companies and pension funds | 137 | 56 | 478 | 58 |
Non-life insurance companies | 11 | 4 | 43 | 3 |
General government | 12 197 | 4 865 | 18 250 | 5 728 |
Central government | 12 195 | 4 864 | 18 236 | 5 727 |
Local government | 2 | .. | 13 | 1 |
Non-profit institutions serving households | 16 | 7 | 1 543 | 8 |
Households | 574 | 303 | 2 217 | 327 |
Unincorporated enterprises within households | .. | .. | .. | .. |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | 0 | 0 | 0 | 0 |
Employees, recipients of property income, pensions and social contributions, students etc. | 574 | 303 | 2 217 | 327 |
Rest of the world | 7 749 | 3 796 | 22 049 | 3 984 |
Unspecified sector | 156 | 12 | 131 | 15 |
Table 5
Issues of debt securities, by issuing sectors. Face values in NOK million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Debt securities issued in Norway | |||||
Long-term debt securities issued in Norway | 75 217 | 103 449 | 154 769 | 113 951 | 97 286 |
- domestic issuers | 58 195 | 89 942 | 122 400 | 91 048 | 81 277 |
Short-term debt securities issued in Norway | 64 193 | 68 163 | 70 462 | 79 024 | 63 515 |
- domestic issuers | 64 093 | 65 769 | 69 442 | 78 923 | 63 514 |
Debt securities issued by Norwegian entities abroad | |||||
Long-term debt securities issued abroad | 52 920 | 51 028 | 115 423 | 75 677 | 36 023 |
Sertifikater emittert i utlandet | 167 082 | 132 884 | 256 206 | 177 008 | 202 777 |
Non-financial corporations | |||||
Long-term debt securities issued in Norway | 4 815 | 14 210 | 8 531 | 24 829 | 11 245 |
Long-term debt securities issued abroad | 8 386 | 1 384 | 6 713 | 26 129 | 9 931 |
Short-term debt securities issued in Norway | 8 006 | 9 259 | 10 043 | 16 141 | 8 593 |
Short-term debt securities issued abroad | 53 823 | 53 416 | 33 959 | 45 158 | 31 971 |
Financial corporations | |||||
Long-term debt securities issued in Norway | 42 565 | 58 401 | 76 344 | 44 453 | 56 935 |
Long-term debt securities issued abroad | 44 535 | 49 644 | 108 711 | 49 550 | 26 093 |
Short-term debt securities issued in Norway | 550 | 2 572 | 375 | 1 135 | 1 025 |
Short-term debt securities issued abroad | 113 260 | 79 470 | 222 247 | 131 847 | 170 807 |
General government | |||||
Long-term debt securities issued in Norway | 10 815 | 17 330 | 37 524 | 21 766 | 13 097 |
Long-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Short-term debt securities issued in Norway | 55 538 | 53 939 | 59 024 | 61 648 | 53 896 |
Short-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Rest of the world | |||||
Long-term debt securities issued in Norway | 17 023 | 13 507 | 32 368 | 22 902 | 16 010 |
Short-term debt securities issued in Norway | 100 | 2 393 | 1 020 | 101 | 1 |
Table 6
Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million
3rd quarter 2018 | 4th quarter 2018 | 1st quarter 2019 | 2nd quarter 2019 | 3rd quarter 2019 | |
---|---|---|---|---|---|
Debt securities issued in Norway | |||||
Long-term debt securities issued in Norway | 2 044 534 | 2 063 935 | 2 126 330 | 2 097 995 | 2 126 548 |
domestic issuers | 1 745 010 | 1 767 933 | 1 810 544 | 1 781 408 | 1 802 824 |
Stort-term debt securities issued in Norway | 140 350 | 144 283 | 144 209 | 143 959 | 133 180 |
domestic issuers | 140 146 | 141 653 | 141 429 | 141 924 | 132 973 |
Debt securities issued by Norwegian entities abroad | |||||
Long-term debt securities issued abroad | 1 648 992 | 1 751 142 | 1 745 350 | 1 755 077 | 1 808 962 |
Stort-term debt securities issued abroad | 100 979 | 78 648 | 133 622 | 142 737 | 168 030 |
Non-financial corporations | |||||
Long-term debt securities issued in Norway | 317 838 | 321 326 | 321 766 | 330 531 | 328 316 |
Long-term debt securities issued abroad | 313 796 | 326 458 | 327 534 | 344 114 | 350 383 |
Stort-term debt securities issued in Norway | 11 828 | 11 627 | 12 354 | 17 821 | 13 904 |
Stort-term debt securities issued abroad | 3 900 | 8 851 | 4 933 | 7 181 | 15 487 |
Financial corporations | |||||
Long-term debt securities issued in Norway | 917 906 | 937 543 | 958 351 | 954 049 | 970 593 |
Long-term debt securities issued abroad | 1 335 196 | 1 424 683 | 1 417 817 | 1 410 963 | 1 458 579 |
Stort-term debt securities issued in Norway | 1 360 | 3 034 | 3 224 | 1 930 | 2 355 |
Stort-term debt securities issued abroad | 97 079 | 69 797 | 128 690 | 135 556 | 152 543 |
Central government | |||||
Long-term debt securities issued in Norway | 509 265 | 509 065 | 530 427 | 496 828 | 503 916 |
Long-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Stort-term debt securities issued in Norway | 126 959 | 126 992 | 125 852 | 122 173 | 116 714 |
Stort-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Rest of the world | |||||
Long-term debt securities issued in Norway | 299 524 | 296 002 | 315 786 | 316 588 | 323 725 |
Stort-term debt securities issued in Norway | 204 | 2 630 | 2 780 | 2 035 | 208 |
Table 7
Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million
Opening balance | Issues (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 abroad | 4 139 769 | 399 604 | -390 018 | 87 368 | 4 236 723 |
Debt securities issued by Norwegian entitites | 3 821 146 | 383 591 | -373 249 | 81 301 | 3 912 789 |
Debt securities issued in Norway | 2 241 954 | 160 801 | -151 098 | 8 071 | 2 259 728 |
Debt securities issued by Norwegian entities in Norway | 1 923 332 | 144 791 | -134 327 | 2 001 | 1 935 797 |
Non-financial corporations | |||||
Long-term debt securities issued in Norway | 330 531 | 11 245 | -15 490 | 2 030 | 328 316 |
Long-term debt securities issued abroad | 344 114 | 9 931 | -19 034 | 15 372 | 350 383 |
Short-term debt securities issued in Norway | 17 821 | 8 593 | -12 510 | 0 | 13 904 |
Short-term debt securities issued abroad | 7 181 | 31 971 | -31 309 | 7 644 | 15 487 |
Financial corporations | |||||
Long-term debt securities issued in Norway | 954 049 | 56 935 | -40 363 | -28 | 970 593 |
Long-term debt securities issued abroad | 1 410 963 | 26 093 | -26 560 | 48 083 | 1 458 579 |
Short-term debt securities issued in Norway | 1 930 | 1 025 | -600 | 0 | 2 355 |
Short-term debt securities issued abroad | 135 556 | 170 807 | -162 016 | 8 196 | 152 543 |
Central government | |||||
Long-term debt securities issued in Norway | 496 828 | 13 097 | -6 009 | 0 | 503 916 |
Long-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Short-term debt securities issued in Norway | 122 173 | 53 896 | -59 356 | 1 | 116 714 |
Short-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Rest of the world | |||||
Long-term debt securities issued in Norway | 316 588 | 16 010 | -14 852 | 5 979 | 323 725 |
Short-term debt securities issued in Norway | 2 035 | 1 | -1 919 | 91 | 208 |
Table 8
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 years | Total | |
---|---|---|---|---|---|---|---|
Original maturity | |||||||
Outstanding amounts in total from debt securities issued in Norway | 125 785 | 14 353 | 657 744 | 896 093 | 513 320 | 52 432 | 2 259 727 |
Non-financial corporations | 12 156 | 3 946 | 141 957 | 131 268 | 45 842 | 7 051 | 342 220 |
Banks | 2 045 | 705 | 168 121 | 122 125 | 30 161 | 24 491 | 347 648 |
Other financial corporations | 150 | 1 500 | 126 688 | 424 957 | 55 463 | 16 540 | 625 298 |
Central government and social security funds | 67 122 | 185 | 3 195 | 41 850 | 346 778 | . | 459 130 |
Local government | 44 118 | 6 800 | 49 672 | 46 435 | 14 224 | 250 | 161 499 |
Non-profit institutions serving households | |||||||
Households | |||||||
Rest of the world | 194 | 1 217 | 168 112 | 129 457 | 20 853 | 4 099 | 323 932 |
Remaining maturity | |||||||
Outstanding amounts in total from debt securities issued in Norway | 418 016 | 388 349 | 1 020 011 | 361 259 | 25 627 | 46 466 | 2 259 728 |
Non-financial corporations | 62 543 | 41 061 | 172 931 | 55 063 | 7 372 | 3 249 | 342 219 |
Banks | 57 586 | 73 745 | 153 363 | 37 588 | 1 025 | 24 343 | 347 650 |
Other financial corporations | 103 795 | 115 221 | 328 178 | 53 155 | 9 710 | 15 240 | 625 299 |
Central government and social security funds | 68 442 | 89 815 | 123 745 | 177 128 | . | . | 459 130 |
Local government | 67 194 | 22 003 | 50 747 | 20 056 | 1 500 | . | 161 500 |
Non-profit institutions serving households | 0 | 0 | . | . | . | . | 0 |
Households | 0 | 0 | . | . | . | . | 0 |
Rest of the world | 58 458 | 46 503 | 191 048 | 18 270 | 6 020 | 3 634 | 323 933 |
Table 9
Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.
Original maturity <= 1 year | Original maturity > 1 year <= 2 years | Original maturity > 2 years <= 5 years | Original maturity > 5 years <= 10 years | Original maturity > 10 years <= 20 years | Original maturity > 20 years | Total | |
---|---|---|---|---|---|---|---|
Original maturity | |||||||
Outstanding amounts in total from debt securities issued by Norwegian entities abroad | 167 684 | 18 515 | 567 519 | 695 266 | 369 051 | 158 365 | 1 976 400 |
Non-financial corporations | 15 487 | 0 | 28 072 | 105 159 | 133 141 | 168 022 | 365 871 |
Banks | 151 949 | 8 460 | 149 608 | 101 731 | 59 975 | 10 881 | 482 604 |
Other financial corporations | 247 | 10 055 | 389 839 | 488 376 | 175 935 | 63 473 | 1 127 925 |
Remaining maturity | |||||||
Outstanding amounts in total from debt securities issued by Norwegian entities abroad | 440 589 | 302 367 | 672 089 | 398 388 | 98 467 | 64 995 | 1 976 895 |
Non-financial corporations | 42 455 | 27 695 | 85 157 | 136 657 | 42 874 | 31 033 | 365 871 |
Banks | 219 096 | 82 548 | 146 457 | 19 601 | 12 170 | 3 226 | 483 098 |
Other financial corporations | 179 037 | 192 125 | 440 476 | 242 130 | 43 423 | 30 736 | 1 155 694 |
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
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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.
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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
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Name: Securities
Topic: Banking and financial markets
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Division for Financial Markets Statistics
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National level, no regional divisions.
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Quarterly. Normally published 6-7 weeks after the end of the statistics quarter
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Time series are stored in a database solution.
Background
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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.
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Major users, in addition to Statistics Norway, are users representing the securities market, public authorities and research institutes.
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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
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The statistics is adjusted in accordance with the national accounts recommendations.
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The Statistics Act § 2-2
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Council regulation 2223/96
Production
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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.
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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".
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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
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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.
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Not relevant
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Statistics Norway's standard confidentiality rules apply.
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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
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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.
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Data may be revised in future publications.
Contact
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Yoon Shin Nakstad
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Ole Petter Rygvold
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Harald Stormoen