Norway: Change of operator

14.09.2018

Further to the decision of DNB Bank ASA, Oslo, to exit the sub-custody business activity, Clearstream Banking1 is pleased to announce the appointment of Danske Bank as its new account operator in Norway.

Effective settlement date

30 November 2018

Danske Bank A/S will operate the direct account of Clearstream Banking at the Norwegian Central Securities Depository, Verdipapirsentralen ASA.

CSD details

Verdipapirsentralen ASA (VPS)
Fred Olsens gate 1
PO Box 1174 Sentrum
NO-0107 Oslo
Norway

New depository details

Danske Bank A/S, Copenhagen
Custody Operations - Custodian Services
2-12, Holmens Kanal
DK-1092 Copenhagen
Denmark

Impact on customers

Clearstream Banking’s link to Norway is currently operated by DNB Bank ASA, Oslo. The change of operator will not affect customer assets, that remain in CBL’s account at the Norwegian CSD, VPS. The current securities service offering will be maintained by the new operator, Danske Bank.

DNB Bank ASA will remain Clearstream Banking’s cash correspondent bank for the Norwegian Krone (NOK).

Further migration information and relevant cutover details will be communicated in due course.

Further information

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.

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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.