We hope you are of the same opinion as we are when we claim that the quality and precision of the daily production continue to be good. Statistics show that the system availability is close to 100%. However, we have experienced a reduced settlement ratio during recent months and we are currently considering measures to improve this. Some participants have proposed a postponement of settlement 2 in order to provide settlement participants with more time to process their transactions. We are now considering this suggestion, along with some other changes. Before a final decision is made, we will obviously have a dialogue with the market.
Our renewal project, VPS 2.0, proceeds according to schedule, and we have communicated that the target start-up date for production is 18 April 2017. We are preparing for broad involvement and extensive communication and documentation to customers. You will find more information about VPS 2.0 in this newsletter.
We hope that you find the articles of this issue interesting, and we will appreciate your feedback and suggestions for topics for the next newsletter that will be published after the summer.
Sincerely yours,
John-Arne Haugerud
Chief Executive Officer