Norway: Change of link type

30.11.2018

Further to announcement, A18162 Clearstream Banking1 is pleased to announce that its change of account operator DNB Bank ASA, Oslo, to agent Danske Bank A/S, Copenhagen, is proceeding as scheduled. Danske Bank will become Clearstream Banking’s nominee agent for its account at the Norwegian Central Securities Depository, Verdipapirsentralen ASA (VPS), and replace the current operator DNB, who has decided to exit the sub-custody business.

This change is accompanied by an upgrade in the link type to Norway. Clearstream Banking has enhanced its link to the Norwegian CSD to a directly operated link. Clearstream Banking will be acting as “account operator” at the CSD.  

This will offer Clearstream Banking and its customers increased asset protection, as all assets will be held at VPS directly in a Clearstream Banking Nominee account.  

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.