New central counterparty (CCP) in the Norwegian market

Cash equities traded on Oslo Børs and Oslo Axess are now available for clearing through LCH.Clearnet (LCH). As of Wednesday 19 March 2014, there will be two CCPs operating in the Norwegian market. LCH is starting up as a CCP in addition to Oslo Clearing who introduced clearing of cash equities in the Norwegian market back in 2010.

LCH will be a direct participant in the VPS Settlement system (VPO) as well as a CCP for cash equities traded on Oslo Børs and Oslo Axess. Consequently the broker dealers and the investment firms will have a choice between clearing houses.

LCH.Clearnet is a European clearing house based in London. They provide clearing services for the major international stock exchanges.