Updated
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Key figures
7.7 %
changes in stocks of listed shares
3rd quarter 2019 | 2nd quarter 2020 | 3rd quarter 2020 | Changes in per cent | ||
---|---|---|---|---|---|
2nd quarter 2020 - 3rd quarter 2020 | 3rd quarter 2019 - 3rd quarter 2020 | ||||
Stocks (market value) | |||||
Shares (listed) | 2 616 | 2 296 | 2 473 | 7.7 | -5.4 |
Shares (unlisted) | 440 | 457 | 459 | 0.6 | 4.5 |
Equity certificates | 61 | 63 | 65 | 3.1 | 5.0 |
Long-term debt securities | 2 139 | 2 392 | 2 404 | 0.5 | 12.4 |
Short-term debt securities | 133 | 146 | 132 | -9.5 | -0.3 |
Total | 5 388 | 5 354 | 5 533 | 3.4 | 2.7 |
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 2020 | |||||
---|---|---|---|---|---|
Shares (listed) | Shares (unlisted) | Equity certificates | Long-term debt securities | Short-term debt securities | |
Total | 2 473 211 | 459 493 | 64 543 | 2 403 554 | 132 471 |
Non-financial corporations | 425 039 | 246 444 | 10 239 | 37 621 | 11 621 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by central government | 5 973 | 530 | 0 | 2 293 | 11 438 |
Public unincorporated enterprises, owned by local government | 6 | 0 | 0 | 55 | 0 |
Public incorporated enterprises, owned by local government | 1 454 | 480 | 110 | 11 243 | .. |
Private non-financial incorporated enterprises | 415 621 | 244 143 | 10 071 | 20 907 | 132 |
Private non-financial unincorporated enterprises | 71 | 169 | 10 | 89 | 0 |
Private non-profit institutions serving enterprises | 1 915 | 1 121 | 48 | 3 034 | 50 |
Financial corporations | 281 688 | 127 974 | 12 130 | 1 517 827 | 84 477 |
Norges Bank | 0 | 0 | 0 | 0 | 0 |
Banks | 6 359 | 41 815 | 1 221 | 633 638 | 42 768 |
Mortgage companies | 0 | 2 | 2 | 95 697 | 7 134 |
Finance companies | 0 | 0 | 0 | 10 | 0 |
State lending institutions etc. | 445 | 1 635 | 0 | 0 | 0 |
Financial holding companies | 25 | 40 884 | 2 | 1 198 | 0 |
Mutual funds | 145 318 | 839 | 6 858 | 312 425 | 16 374 |
Investment trusts and private equity funds | 5 578 | 3 979 | 322 | 855 | 185 |
Other financial enterprises, except insurance companies and pension funds | 101 154 | 36 917 | 2 005 | 3 706 | 3 744 |
Life insurance companies and pension funds | 20 919 | 1 746 | 1 514 | 410 284 | 12 592 |
Non-life insurance companies | 1 891 | 157 | 206 | 60 015 | 1 681 |
General government | 676 263 | 2 704 | 155 | 118 170 | 21 846 |
Central government | 675 885 | 1 436 | 3 | 108 684 | 21 834 |
Local government | 377 | 1 267 | 152 | 9 486 | 12 |
Non-profit institutions serving households | 27 073 | 2 113 | 22 071 | 6 299 | 568 |
Households | 105 212 | 22 555 | 11 575 | 7 416 | 257 |
Unincorporated enterprises within households | 12 | 50 | 2 | .. | 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. | 105 200 | 22 504 | 11 573 | 7 416 | 257 |
Rest of the world | 957 786 | 57 533 | 8 251 | 716 219 | 13 702 |
Unspecified sector | 149 | 171 | 122 | 1 | 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 2020 | |||||
---|---|---|---|---|---|
Shares (listed) | Shares (unlisted) | Equity certificates | Long-term debt securities issued in Norway | Short-term debt securities issued in Norway | |
Total | -5 653 | 4 357 | 289 | 2 963 | -14 004 |
Non-financial corporations | -384 | 11 614 | -35 | 1 836 | -3 629 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by central government | -3 701 | -5 | 0 | 473 | -2 206 |
Public unincorporated enterprises, owned by local government | 0 | .. | 0 | 0 | 0 |
Public incorporated enterprises, owned by local government | -96 | 1 | -12 | 679 | 0 |
Private non-financial incorporated enterprises | 3 378 | 11 574 | -19 | 795 | -1 293 |
Private non-financial unincorporated enterprises | -1 | 45 | 0 | 9 | 0 |
Private non-profit institutions serving enterprises | 36 | .. | -4 | -120 | -130 |
Financial corporations | -818 | -9 709 | -16 | -15 659 | -3 957 |
Norges Bank | 0 | .. | 0 | 0 | 0 |
Banks | -2 807 | 6 | -96 | -47 601 | 228 |
Mortgage companies | 0 | 0 | .. | 22 274 | 715 |
Finance companies | 0 | 0 | 0 | .. | 0 |
State lending institutions etc. | 16 | 108 | 0 | 0 | 0 |
Financial holding companies | -2 696 | 1 | .. | -1 500 | 0 |
Mutual funds | 2 097 | -48 | 28 | 7 682 | 97 |
Investment trusts and private equity funds | -54 | 89 | 34 | -214 | 118 |
Other financial enterprises, except insurance companies and pension funds | 2 480 | -9 889 | 21 | 227 | -113 |
Life insurance companies and pension funds | 204 | 23 | 4 | 5 847 | -1 873 |
Non-life insurance companies | -60 | -1 | -8 | -2 375 | -3 130 |
General government | -11 495 | 18 | -11 | 4 096 | -4 942 |
Central government | -11 520 | 2 | .. | 4 536 | -4 942 |
Local government | 24 | 16 | -11 | -441 | 0 |
Non-profit institutions serving households | -36 | 77 | 331 | -99 | -30 |
Households | 2 155 | 175 | -16 | -88 | .. |
Unincorporated enterprises within households | -1 | -1 | .. | -1 | 0 |
Private non-financial unincorporated enterprises inclusive housing cooperatives etc. | 0 | .. | .. | 0 | 0 |
Employees, recipients of property income, pensions and social contributions, students etc. | 2 156 | 175 | -16 | -87 | .. |
Rest of the world | 4 965 | 2 048 | 38 | 12 886 | -1 447 |
Unspecified sector | -39 | 135 | -1 | -10 | 0 |
Table 3
Paid out dividends on listed shares registered with the VPS, by paying sector. NOK million
4th quarter 2019 | 1st quarter 2020 | 2nd quarter 2020 | 3rd quarter 2020 | |
---|---|---|---|---|
Total | 19 512 | 15 022 | 28 189 | 12 807 |
Non-financial corporations | 18 914 | 14 156 | 27 263 | 6 088 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by central government | 13 577 | 7 994 | 15 251 | 2 599 |
Public unincorporated enterprises, owned by local government | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by local government | 0 | .. | 314 | .. |
Private non-financial incorporated enterprises | 5 337 | 6 162 | 11 698 | 3 489 |
Private non-financial unincorporated enterprises | 0 | 0 | 0 | 0 |
Private non-profit institutions serving enterprises | 0 | 0 | 0 | 0 |
Financial corporations | 80 | .. | 104 | 6 125 |
Norges Bank | 0 | 0 | 0 | 0 |
Banks | .. | .. | .. | .. |
Mortgage companies | 0 | 0 | 0 | 0 |
Finance companies | 0 | 0 | 0 | 0 |
State lending institutions etc. | 0 | 0 | 0 | 0 |
Financial holding companies | .. | .. | .. | .. |
Mutual funds | 0 | 0 | 0 | 0 |
Investment trusts and private equity funds | .. | .. | .. | .. |
Other financial enterprises, except insurance companies and pension funds | 80 | .. | 104 | .. |
Life insurance companies and pension funds | 0 | 0 | 0 | 0 |
Non-life insurance companies | .. | .. | .. | 6 125 |
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 | 518 | 867 | 822 | 594 |
Table 4
Paid out dividends on listed shares registered with the VPS, by receiving sector. NOK million
4th quarter 2019 | 1st quarter 2020 | 2nd quarter 2020 | 3rd quarter 2020 | |
---|---|---|---|---|
Total | 19 512 | 15 022 | 28 189 | 12 807 |
Non-financial corporations | 1 584 | 2 460 | 3 245 | 1 687 |
Public unincorporated enterprises, owned by central government | 0 | 0 | 0 | 0 |
Public incorporated enterprises, owned by central government | .. | .. | 47 | 20 |
Public unincorporated enterprises, owned by local government | .. | .. | .. | .. |
Public incorporated enterprises, owned by local government | .. | .. | 50 | 1 |
Private non-financial incorporated enterprises | 1 572 | 2 452 | 3 131 | 1 660 |
Private non-financial unincorporated enterprises | 1 | .. | .. | .. |
Private non-profit institutions serving enterprises | 10 | 7 | 17 | 6 |
Financial corporations | 1 105 | 807 | 1 926 | 4 876 |
Norges Bank | 0 | 0 | 0 | 0 |
Banks | 37 | 27 | 62 | 32 |
Mortgage companies | 0 | 0 | 0 | 0 |
Finance companies | 0 | 0 | 0 | 0 |
State lending institutions etc. | .. | .. | .. | .. |
Financial holding companies | .. | .. | .. | .. |
Mutual funds | 780 | 617 | 1 409 | 519 |
Investment trusts and private equity funds | 22 | 4 | 21 | 7 |
Other financial enterprises, except insurance companies and pension funds | 153 | 73 | 256 | 4 242 |
Life insurance companies and pension funds | 107 | 82 | 166 | 71 |
Non-life insurance companies | 7 | 4 | 12 | 5 |
General government | 9 440 | 5 991 | 12 544 | 2 291 |
Central government | 9 438 | 5 990 | 12 540 | 2 291 |
Local government | 2 | 1 | 4 | 1 |
Non-profit institutions serving households | 18 | 10 | 46 | 10 |
Households | 592 | 594 | 969 | 762 |
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. | 592 | 594 | 969 | 762 |
Rest of the world | 6 740 | 5 060 | 9 342 | 3 077 |
Unspecified sector | 33 | 100 | 118 | 104 |
Table 5
Issues of debt securities, by issuing sectors. Face values in NOK million
3rd quarter 2019 | 4th quarter 2019 | 1st quarter 2020 | 2nd quarter 2020 | 3rd quarter 2020 | |
---|---|---|---|---|---|
Debt securities issued in Norway | |||||
Long-term debt securities issued in Norway | 97 286 | 132 146 | 220 491 | 179 249 | 100 214 |
- domestic issuers | 81 277 | 102 565 | 196 233 | 156 077 | 81 394 |
Short-term debt securities issued in Norway | 63 515 | 77 039 | 74 380 | 85 130 | 56 988 |
- domestic issuers | 63 514 | 76 887 | 74 380 | 85 099 | 56 924 |
Debt securities issued by Norwegian entities abroad | |||||
Long-term debt securities issued abroad | 36 023 | 96 404 | 68 585 | 131 366 | 72 394 |
Sertifikater emittert i utlandet | 202 777 | 225 063 | 171 611 | 294 240 | 257 333 |
Non-financial corporations | |||||
Long-term debt securities issued in Norway | 11 245 | 19 696 | 18 510 | 26 042 | 13 429 |
Long-term debt securities issued abroad | 9 931 | 0 | 18 317 | 96 268 | 4 741 |
Short-term debt securities issued in Norway | 8 593 | 13 021 | 10 707 | 8 067 | 4 362 |
Short-term debt securities issued abroad | 31 971 | 78 209 | 43 786 | 10 375 | 59 931 |
Financial corporations | |||||
Long-term debt securities issued in Norway | 56 935 | 58 638 | 122 312 | 101 600 | 54 661 |
Long-term debt securities issued abroad | 26 093 | 96 404 | 50 268 | 35 100 | 67 654 |
Short-term debt securities issued in Norway | 1 025 | 660 | 825 | 100 | 100 |
Short-term debt securities issued abroad | 170 807 | 146 855 | 127 825 | 283 864 | 197 402 |
General government | |||||
Long-term debt securities issued in Norway | 13 097 | 24 232 | 55 411 | 28 435 | 13 304 |
Long-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Short-term debt securities issued in Norway | 53 896 | 63 205 | 62 848 | 76 932 | 52 463 |
Short-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Rest of the world | |||||
Long-term debt securities issued in Norway | 16 010 | 29 579 | 24 256 | 23 173 | 18 819 |
Short-term debt securities issued in Norway | 1 | 152 | 0 | 31 | 64 |
Table 6
Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million
3rd quarter 2019 | 4th quarter 2019 | 1st quarter 2020 | 2nd quarter 2020 | 3rd quarter 2020 | |
---|---|---|---|---|---|
Debt securities issued in Norway | |||||
Long-term debt securities issued in Norway | 2 126 548 | 2 130 516 | 2 308 959 | 2 385 269 | 2 386 521 |
domestic issuers | 1 802 824 | 1 807 737 | 1 950 479 | 2 030 895 | 2 030 785 |
Stort-term debt securities issued in Norway | 133 180 | 142 599 | 141 594 | 146 260 | 132 308 |
domestic issuers | 132 973 | 142 451 | 141 421 | 146 066 | 132 214 |
Debt securities issued by Norwegian entities abroad | |||||
Long-term debt securities issued abroad | 1 808 962 | 1 822 950 | 2 088 196 | 2 025 695 | 2 048 875 |
Stort-term debt securities issued abroad | 168 030 | 109 895 | 113 134 | 85 871 | 190 664 |
Non-financial corporations | |||||
Long-term debt securities issued in Norway | 328 316 | 323 344 | 342 517 | 348 296 | 347 557 |
Long-term debt securities issued abroad | 350 383 | 336 512 | 404 460 | 481 111 | 471 033 |
Stort-term debt securities issued in Norway | 13 904 | 16 258 | 12 376 | 12 323 | 10 574 |
Stort-term debt securities issued abroad | 15 487 | 13 816 | 21 627 | 17 758 | 31 854 |
Financial corporations | |||||
Long-term debt securities issued in Norway | 970 593 | 960 322 | 1 034 646 | 1 084 199 | 1 083 263 |
Long-term debt securities issued abroad | 1 458 579 | 1 486 438 | 1 683 737 | 1 544 584 | 1 577 841 |
Stort-term debt securities issued in Norway | 2 355 | 1 395 | 1 545 | 1 010 | 310 |
Stort-term debt securities issued abroad | 152 543 | 96 079 | 91 507 | 68 113 | 158 810 |
Central government | |||||
Long-term debt securities issued in Norway | 503 916 | 524 070 | 573 316 | 598 401 | 599 966 |
Long-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Stort-term debt securities issued in Norway | 116 714 | 124 798 | 127 500 | 132 733 | 121 331 |
Stort-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Rest of the world | |||||
Long-term debt securities issued in Norway | 323 725 | 322 779 | 358 480 | 354 374 | 355 736 |
Stort-term debt securities issued in Norway | 208 | 148 | 173 | 194 | 94 |
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 | 4 643 096 | 486 930 | -372 434 | 777 | 4 758 369 |
Debt securities issued by Norwegian entitites | 4 288 527 | 468 045 | -356 614 | 2 580 | 4 402 538 |
Debt securities issued in Norway | 2 531 529 | 157 202 | -167 928 | -1 974 | 2 518 829 |
Debt securities issued by Norwegian entities in Norway | 2 176 961 | 138 318 | -152 109 | -171 | 2 162 999 |
Non-financial corporations | |||||
Long-term debt securities issued in Norway | 348 296 | 13 429 | -13 065 | -1 103 | 347 557 |
Long-term debt securities issued abroad | 481 111 | 4 741 | -10 339 | -4 480 | 471 033 |
Short-term debt securities issued in Norway | 12 323 | 4 362 | -6 112 | 1 | 10 574 |
Short-term debt securities issued abroad | 17 758 | 59 931 | -46 424 | 589 | 31 854 |
Financial corporations | |||||
Long-term debt securities issued in Norway | 1 084 199 | 54 661 | -56 526 | 929 | 1 083 263 |
Long-term debt securities issued abroad | 1 544 584 | 67 654 | -43 645 | 9 248 | 1 577 841 |
Short-term debt securities issued in Norway | 1 010 | 100 | -800 | 0 | 310 |
Short-term debt securities issued abroad | 68 113 | 197 402 | -104 098 | -2 607 | 158 810 |
Central government | |||||
Long-term debt securities issued in Norway | 598 401 | 13 304 | -11 739 | 0 | 599 966 |
Long-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Short-term debt securities issued in Norway | 132 733 | 52 463 | -63 866 | 1 | 121 331 |
Short-term debt securities issued abroad | 0 | 0 | 0 | 0 | 0 |
Rest of the world | |||||
Long-term debt securities issued in Norway | 354 374 | 18 819 | -15 663 | -1 794 | 355 736 |
Short-term debt securities issued in Norway | 194 | 64 | -157 | -7 | 94 |
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 | 128 326 | 49 997 | 769 676 | 926 162 | 589 747 | 54 920 | 2 518 828 |
Non-financial corporations | 9 465 | 1 497 | 140 058 | 149 468 | 48 603 | 9 039 | 358 130 |
Banks | 150 | 210 | 169 890 | 136 471 | 25 052 | 22 268 | 354 041 |
Other financial corporations | 100 | 42 300 | 192 506 | 418 636 | 59 273 | 16 716 | 729 531 |
Central government and social security funds | 66 317 | 322 | 11 915 | 44 270 | 419 863 | . | 542 687 |
Local government | 52 251 | 4 430 | 52 818 | 51 146 | 17 724 | 240 | 178 609 |
Non-profit institutions serving households | |||||||
Households | |||||||
Rest of the world | 44 | 1 237 | 202 488 | 126 171 | 19 232 | 6 657 | 355 829 |
Remaining maturity | |||||||
Outstanding amounts in total from debt securities issued in Norway | 479 003 | 494 076 | 1 075 847 | 396 785 | 24 316 | 48 801 | 2 518 828 |
Non-financial corporations | 47 031 | 57 800 | 178 160 | 64 833 | 4 635 | 5 672 | 358 131 |
Banks | 62 486 | 69 077 | 155 705 | 44 351 | 300 | 22 123 | 354 042 |
Other financial corporations | 91 053 | 251 906 | 318 172 | 41 775 | 11 210 | 15 416 | 729 532 |
Central government and social security funds | 150 474 | 3 095 | 192 470 | 196 648 | . | . | 542 687 |
Local government | 76 401 | 22 910 | 51 139 | 26 159 | 2 000 | . | 178 609 |
Non-profit institutions serving households | 0 | 0 | . | . | . | . | 0 |
Households | 0 | 0 | . | . | . | . | 0 |
Rest of the world | 51 560 | 89 288 | 180 201 | 23 019 | 6 171 | 5 591 | 355 830 |
Table 9
Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in 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 by Norwegian entities abroad | 190 553 | 10 163 | 616 217 | 792 463 | 434 639 | 194 837 | 2 238 872 |
Non-financial corporations | 31 854 | 0 | 35 132 | 165 803 | 154 473 | 231 252 | 502 887 |
Banks | 151 791 | 8 266 | 203 313 | 98 656 | 56 655 | 11 757 | 530 438 |
Other financial corporations | 6 908 | 1 896 | 377 773 | 528 005 | 223 512 | 67 455 | 1 205 549 |
Remaining maturity | |||||||
Outstanding amounts in total from debt securities issued by Norwegian entities abroad | 519 567 | 295 263 | 759 069 | 471 701 | 113 507 | 80 320 | 2 239 427 |
Non-financial corporations | 60 268 | 14 084 | 143 580 | 179 225 | 59 129 | 46 601 | 502 887 |
Banks | 245 675 | 75 763 | 176 593 | 20 995 | 8 347 | 3 619 | 530 992 |
Other financial corporations | 213 624 | 205 416 | 438 896 | 271 481 | 46 030 | 30 100 | 1 232 317 |
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), Oslo Axess or Merkur Market.
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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Steven Chun Wei Got
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Ole Petter Rygvold
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Harald Stormoen