VPS Newsletter January 2015
Welcome to our newsletter!
We have on several occasions heard that a lot of new and exciting things are going on at VPS. It is indeed true! We have therefore taken up the challenge, and we are now establishing a newsletter which I hope will provide useful information about what is happening here at VPS and otherwise in the securities market.
Successful transition to the new settlement cycle
The transition to T+2 has required great efforts from our settlement participants and their customers. Accommodation to the new routines has gone very well, and the VPS settlement rate remains stable at over 96% after the new settlement cycle was introduced. Read more
Vps.no – completely new
See our brand new design that fits any screen surfaces. We have a new front page and a new menu. You can read more about what we have emphasized when we built the new site this autumn. Read more
VPS develops a new core system
To face up to developments and increased competition we have decided to renew our core system. We have signed an agreement with Percival CSD Partners to replace the core registry and settlement systems. Read more
Electronic distribution of investor messages provides significant savings for our customers
Status shows that it is possible to make significant savings after the introduction of mandatory electronic investor messages. Postage for companies can be significantly reduced for example in connection with the payment of dividends. Read more
Collateral Management
VPS works closely with Clearstream to look at the possibility of offering a collateral management service to the Norwegian market. We are working to see how simplification of posting collateral in connection with financial transactions may contribute to a more efficient market. Read more
Interoperability in the Norwegian market
The introduction of interoperability, along with a new central counterparty (CCP) in the Norwegian market, has been good says Anne Ekeren Bjone, head of VPS Settlement and Clearing. This allows for increased efficiency and reduced costs for customers. Read more