Other services - Norway
Securities lending and borrowing
All Norwegian debt securities eligible in CBL qualify for CBL’s securities lending and borrowing programme.
Equities are not eligible for CBL's securities lending and borrowing programme.
Multi-Market securities service
Norwegian domestic securities can be listed on foreign exchanges. These multi-market equities are traded on more than one stock exchange and are eligible for deposit and settlement in more than one CSD.
As there are an additional number of intermediaries in the settlement chain, cross-border transfers and realignments may take several days to settle. Consequently, Clearstream Banking cannot guarantee timely settlement of cross-border instructions which means that CSDR SDR cash penalties might occur if there is late or failed settlement.
Customers are therefore strongly recommended to send their cross-border settlement instructions to Clearstream Banking as early as possible to avoid settlement delays.
For further information, please refer to the Multi-Market Securities Guide.
Disclosure requirements
For details of the local domestic disclosure requirements, please refer to the Disclosure Requirements.
Holding restrictions
CBL may not hold, through its Norwegian domestic link, any equities that are beneficially owned by Norwegian individual residents or by legal entities that are incorporated in Norway. Consequently, customers are not allowed to hold such financial instruments in CBL.
Provided that special conditions are fulfilled, CBL may hold debt instruments and fund units that are beneficially owned by Norwegian individual residents or by legal entities that are incorporated in Norway.
For further information, please refer to the Investment regulation section of the Market Profile (Norway).
Foreign exchange
Foreign exchange services for NOK are available to customers on a case-by-case basis, upon request. To complete foreign exchange conversions for NOK, customers should contact CBL's Treasury Desk directly by authenticated communications medium.