404148
/en/bank-og-finansmarked/statistikker/verdipapirer/kvartal
404148
statistikk
2020-08-20T08:00:00.000Z
Banking and financial markets
en
verdipapirer, SecuritiesSecurities markets , Banking and financial markets
true

Securities

Updated

Next update

Key figures

11.3 %

changes in stocks of listed shares

Stocks of securities registered with VPS by type of security. NOK billion and per cent
2nd quarter 20191st quarter 20202nd quarter 2020Changes in per cent
1st quarter 2020 - 2nd quarter 20202nd quarter 2019 - 2nd quarter 2020
Stocks (market value)
Shares (listed)2 5682 0412 27111.3-11.6
Shares (unlisted)4474454828.37.8
Equity certificates61566312.41.9
Long-term debt securities2 1102 2952 4074.914.0
Short-term debt securities1441421463.32.0
 
Total5 3314 9785 3697.80.7

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

Stocks of securities registered with the VPS, by holding sector and type of security. Last quarter. Market value. NOK million
2nd quarter 2020
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securitiesShort-term debt securities
 
Total2 270 656482 35162 6142 406 589146 427
 
Non-financial corporations348 003250 9589 98735 33515 251
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government11 03646801 80013 642
Public unincorporated enterprises, owned by local government500550
Public incorporated enterprises, owned by local government1 34147711810 5350
Private non-financial incorporated enterprises333 826248 9179 80219 7461 428
Private non-financial unincorporated enterprises6713510780
Private non-profit institutions serving enterprises1 728960593 121181
 
Financial corporations247 725134 05211 7021 529 09088 405
Norges Bank00000
Banks4 82544 0891 266680 03142 547
Mortgage companies02272 9576 421
Finance companies000100
State lending institutions etc.3551 435000
Financial holding companies2 53640 88222 6980
Mutual funds130 1052 3326 560303 06916 266
Investment trusts and private equity funds4 1744 4512751 05167
Other financial enterprises, except insurance companies and pension funds85 66838 3981 9183 9953 856
Life insurance companies and pension funds18 4272 2791 471403 28914 453
Non-life insurance companies1 63518420861 9904 795
 
General government670 2312 694159113 47426 774
Central government669 9021 4352103 60326 762
Local government3301 2591569 87012
 
Non-profit institutions serving households25 8162 06221 4246 345598
 
Households94 81323 72211 2927 430257
Unincorporated enterprises within households947210
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.00000
Employees, recipients of property income, pensions and social contributions, students etc.94 80423 67511 2907 429257
 
Rest of the world883 94868 7887 927714 90515 143
 
Unspecified sector11876122110

Table 2 
Net purchases of securities registered with the VPS, by purchasing sector and type of security. Latest quarter. Market value. NOK million

Net purchases of securities registered with the VPS, by purchasing sector and type of security. Latest quarter. Market value. NOK million
2nd quarter 2020
Shares (listed)Shares (unlisted)Equity certificatesLong-term debt securities issued in NorwayShort-term debt securities issued in Norway
 
Total9 29816 140088 9174 592
 
Non-financial corporations1542 17913-3 8161 297
Public unincorporated enterprises, owned by central government00000
Public incorporated enterprises, owned by central government-872-530-4501 438
Public unincorporated enterprises, owned by local government-1..0..0
Public incorporated enterprises, owned by local government010-3 1300
Private non-financial incorporated enterprises9692 2239-168-82
Private non-financial unincorporated enterprises400-20
Private non-profit institutions serving enterprises5494-66-60
 
Financial corporations6 5391 685377107 0952 589
Norges Bank0..000
Banks-8851 426-4262 102-1 665
Mortgage companies0....7 790940
Finance companies000..0
State lending institutions etc.86000
Financial holding companies-19....-4 8700
Mutual funds7 02818426920 472198
Investment trusts and private equity funds-27-216-16043
Other financial enterprises, except insurance companies and pension funds-3564361 34511
Life insurance companies and pension funds78327313814 9332 154
Non-life insurance companies810-85 322909
 
General government5 696104-15-1 1724 293
Central government5 73390..-1 0604 293
Local government-3714-15-1120
 
Non-profit institutions serving households112-10307245
 
Households3 02449663-62-50
Unincorporated enterprises within households02..-10
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0....00
Employees, recipients of property income, pensions and social contributions, students etc.3 02549463-61-50
 
Rest of the world-6 21511 779-435-13 192-3 580
 
Unspecified sector-130-2-80

Table 3 
Paid out dividends on listed shares registered with the VPS, by paying sector. NOK million

Paid out dividends on listed shares registered with the VPS, by paying sector. NOK million
3rd quarter 20194th quarter 20191st quarter 20202nd quarter 2020
 
Total11 64419 51215 02228 122
 
Non-financial corporations11 49018 91414 15627 263
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government7 77413 5777 99415 251
Public unincorporated enterprises, owned by local government0000
Public incorporated enterprises, owned by local government00..314
Private non-financial incorporated enterprises3 7165 3376 16211 698
Private non-financial unincorporated enterprises0000
Private non-profit institutions serving enterprises0000
 
Financial corporations..80..104
Norges Bank0000
Banks........
Mortgage companies0000
Finance companies0000
State lending institutions etc.0000
Financial holding companies........
Mutual funds0000
Investment trusts and private equity funds........
Other financial enterprises, except insurance companies and pension funds..80..104
Life insurance companies and pension funds0000
Non-life insurance companies........
 
General government0000
Central government0000
Local government0000
 
Non-profit institutions serving households0000
 
Households0000
Unincorporated enterprises within households0000
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.0000
 
Rest of the world154518867755

Table 4 
Paid out dividends on listed shares registered with the VPS, by receiving sector. NOK million

Paid out dividends on listed shares registered with the VPS, by receiving sector. NOK million
3rd quarter 20194th quarter 20191st quarter 20202nd quarter 2020
 
Total11 64419 51215 02228 122
 
Non-financial corporations1 0601 5842 4603 233
Public unincorporated enterprises, owned by central government0000
Public incorporated enterprises, owned by central government......47
Public unincorporated enterprises, owned by local government........
Public incorporated enterprises, owned by local government......50
Private non-financial incorporated enterprises1 0551 5722 4523 119
Private non-financial unincorporated enterprises..1....
Private non-profit institutions serving enterprises510716
Financial corporations5231 1058071 921
Norges Bank0000
Banks12372761
Mortgage companies0000
Finance companies0000
State lending institutions etc.........
Financial holding companies........
Mutual funds4087806171 408
Investment trusts and private equity funds422421
Other financial enterprises, except insurance companies and pension funds3715373254
Life insurance companies and pension funds5810782164
Non-life insurance companies37412
General government5 7289 4405 99112 544
Central government5 7279 4385 99012 540
Local government1214
Non-profit institutions serving households8181046
Households327592594958
Unincorporated enterprises within households........
Private non-financial unincorporated enterprises inclusive housing cooperatives etc.0000
Employees, recipients of property income, pensions and social contributions, students etc.327592594958
Rest of the world3 9846 7405 0609 302
Unspecified sector1533100118

Table 5 
Issues of debt securities, by issuing sectors. Face values in NOK million

Issues of debt securities, by issuing sectors. Face values in NOK million
2nd quarter 20193rd quarter 20194th quarter 20191st quarter 20202nd quarter 2020
Debt securities issued in Norway
Long-term debt securities issued in Norway113 95197 286132 146220 491179 249
- domestic issuers91 04881 277102 565196 233156 077
Short-term debt securities issued in Norway79 02463 51577 03974 38085 130
- domestic issuers78 92363 51476 88774 38085 099
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad75 67736 02396 40468 585131 366
Sertifikater emittert i utlandet184 334202 777225 063171 611294 240
 
Non-financial corporations
Long-term debt securities issued in Norway24 82911 24519 69618 51026 042
Long-term debt securities issued abroad26 1299 931018 31796 268
Short-term debt securities issued in Norway16 1418 59313 02110 7078 067
Short-term debt securities issued abroad52 48431 97178 20943 78610 375
 
Financial corporations
Long-term debt securities issued in Norway44 45356 93558 638122 312101 600
Long-term debt securities issued abroad49 55026 09396 40450 26835 100
Short-term debt securities issued in Norway1 1351 025660825100
Short-term debt securities issued abroad131 847170 807146 855127 825283 864
 
General government
Long-term debt securities issued in Norway21 76613 09724 23255 41128 435
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway61 64853 89663 20562 84876 932
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway22 90216 01029 57924 25623 173
Short-term debt securities issued in Norway1011152031

Table 6 
Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million

Debt securities, by issuing sectors. Outstanding amounts. Face values in NOK million
2nd quarter 20193rd quarter 20194th quarter 20191st quarter 20202nd quarter 2020
 
Debt securities issued in Norway
Long-term debt securities issued in Norway2 097 9952 126 5482 130 5162 308 9592 385 269
domestic issuers1 781 4081 802 8241 807 7371 950 4792 030 895
Stort-term debt securities issued in Norway143 959133 180142 599141 594146 260
domestic issuers141 924132 973142 451141 421146 066
 
Debt securities issued by Norwegian entities abroad
Long-term debt securities issued abroad1 755 3201 808 9621 822 9502 088 1962 025 695
Stort-term debt securities issued abroad150 062168 030109 895113 13485 871
 
Non-financial corporations
Long-term debt securities issued in Norway330 531328 316323 344342 517348 296
Long-term debt securities issued abroad344 114350 383336 512404 460481 111
Stort-term debt securities issued in Norway17 82113 90416 25812 37612 323
Stort-term debt securities issued abroad14 50615 48713 81621 62717 758
 
Financial corporations
Long-term debt securities issued in Norway954 049970 593960 3221 034 6461 084 199
Long-term debt securities issued abroad1 411 2051 458 5791 486 4381 683 7371 544 584
Stort-term debt securities issued in Norway1 9302 3551 3951 5451 010
Stort-term debt securities issued abroad135 556152 54396 07991 50768 113
 
Central government
Long-term debt securities issued in Norway496 828503 916524 070573 316598 401
Long-term debt securities issued abroad00000
Stort-term debt securities issued in Norway122 173116 714124 798127 500132 733
Stort-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway316 588323 725322 779358 480354 374
Stort-term debt securities issued in Norway2 035208148173194

Table 7 
Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million

Debt securities. Issues, redemptions, gross changes and outstanding amounts, by issuing sector. Face values in NOK million
Opening balanceIssues (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 abroad4 651 884689 987-571 465-127 3104 643 096
Debt securities issued by Norwegian entitites4 293 230666 782-552 118-119 3674 288 527
Debt securities issued in Norway2 450 553264 379-171 812-11 5912 531 529
Debt securities issued by Norwegian entities in Norway2 091 900241 176-152 466-3 6492 176 961
 
Non-financial corporations
Long-term debt securities issued in Norway342 51726 042-16 878-3 385348 296
Long-term debt securities issued abroad404 46096 2680-19 617481 111
Short-term debt securities issued in Norway12 3768 067-8 120012 323
Short-term debt securities issued abroad21 62710 375-13 235-1 00917 758
 
Financial corporations
Long-term debt securities issued in Norway1 034 646101 600-51 786-2611 084 199
Long-term debt securities issued abroad1 683 73735 100-83 246-91 0071 544 584
Short-term debt securities issued in Norway1 545100-63501 010
Short-term debt securities issued abroad91 507283 864-303 170-4 08868 113
 
Central government
Long-term debt securities issued in Norway573 31628 435-3 3500598 401
Long-term debt securities issued abroad00000
Short-term debt securities issued in Norway127 50076 932-71 6990132 733
Short-term debt securities issued abroad00000
 
Rest of the world
Long-term debt securities issued in Norway358 48023 173-19 346-7 933354 374
Short-term debt securities issued in Norway173310-10194

Table 8 
Debt securities issued in Norway, by borrowing sectors and remaining maturity. Outstanding amounts at face value (NOK million)

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 yearsTotal
Original maturity
Outstanding amounts in total from debt securities issued in Norway140 85556 646739 106947 823593 13753 9622 531 529
Non-financial corporations10 6151 767137 959152 94149 5567 780360 618
Banks850338167 683133 21527 51122 313351 910
Other financial corporations047 300173 729435 99259 31816 958733 297
Central government and social security funds76 4973229 53544 190419 778.550 322
Local government52 6995 87252 38251 89517 724240180 812
Non-profit institutions serving households
Households
Rest of the world1941 047197 818129 58919 2496 671354 568
 
Remaining maturity
Outstanding amounts in total from debt securities issued in Norway520 785474 5531 060 799363 03364 50947 8512 531 530
Non-financial corporations50 41758 437175 57766 9394 8354 413360 618
Banks63 95768 693155 86140 93230022 168351 911
Other financial corporations109 366237 035309 28450 74511 21015 658733 298
Central government and social security funds166 5192 670189 065152 06840 000.550 322
Local government76 36425 00751 18926 2522 000.180 812
Non-profit institutions serving households00....0
Households00....0
Rest of the world54 16182 711179 82226 0976 1645 612354 567

Table 9 
Outstanding amounts from debt securities issued abroad by domestic borrowing sectors and maturity. Outstanding amounts at face value in NOK million.

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 yearsTotal
Original maturity
Outstanding amounts in total from debt securities issued by Norwegian entities abroad85 76215 001595 564783 815433 791196 9782 110 911
Non-financial corporations17 758035 601172 574155 538234 794498 870
Banks57 96712 564193 805106 53856 73711 819439 430
Other financial corporations10 0372 436366 157504 703221 51667 7621 172 611
 
Remaining maturity
Outstanding amounts in total from debt securities issued by Norwegian entities abroad419 989296 249741 867456 926107 08289 3442 111 457
Non-financial corporations54 39813 188142 455181 96751 65955 203498 870
Banks164 58361 067181 31519 7839 6733 557439 978
Other financial corporations201 009221 994418 097255 17645 75130 5841 199 921

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

Definitions of the main concepts and variables

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.

Standard classifications

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

Name and topic

Name: Securities
Topic: Banking and financial markets

Next release

Responsible division

Division for Financial Markets Statistics

Regional level

National level, no regional divisions.

Frequency and timeliness

Quarterly. Normally published 6-7 weeks after the end of the statistics quarter

International reporting

BIS.

Microdata

Time series are stored in a database solution.

Background

Background and purpose

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.

 

Users and applications

Major users, in addition to Statistics Norway, are users representing the securities market, public authorities and research institutes.

Equal treatment of users

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

Coherence with other statistics

The statistics is adjusted in accordance with the national accounts recommendations.

Legal authority

The Statistics Act § 2-2

EEA reference

Council regulation 2223/96

Production

Population

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.
  • 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".

Data sources and sampling

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

Collection of data, editing and estimations

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.

Seasonal adjustment

Not relevant

Confidentiality

Statistics Norway's standard confidentiality rules apply.

Comparability over time and space

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

Sources of error and uncertainty

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.

Revision

Data may be revised in future publications.