Norway: New record date calculation for bonds
Effective
immediately
for all bonds with an interest term date of 18 March 2015 or later, the record date will be calculated as two business days prior to the payment date (due date).
This follows a change introduced by the Norwegian CSD, Verdipapircentralen ASA (VPS ASA) to reduce the ex-interest period for bonds from 15 calendar days to two business days.
Impact on customers
| Bonds with interest payment date | Record date calculation |
| Before Thursday 2 April 2015 | 15 calendar days prior to the payment date |
| From Thursday 2 April 2015 | two business days prior to the payment date |
Reporting will be aligned accordingly, with no action required to be taken by Clearstream Banking1 customers.
Further information
For further information, please refer to the Market Profile – Norway guide or contact Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refes collectively to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500, and 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.