Operating schedule for Norges Bank’s settlement system from 1 August 2021
The operating schedule for Norges Bank’s settlement system (NBO) was most recently changed with effect from 16 January 2020. The operating schedule will be up-dated with the following changes from 1 August 2021:
- The derivatives clearing from SIX x-clear AG will no longer be settled in NBO and will be removed from the operating schedule.
- The security lending pool in the securities settlement (VPO) at Verdipapirsentralen ASA (VPS) is not in use, and SIX x-clear AG has confirmed that settlement in NBO is no longer needed. This item is therefore removed from the operating schedule.
- The times for receipt and settlement in NBO of clearings from NICS are co-ordinated with the times indicated in the NICS operating schedule.
To date, the operating schedule for NBO has been published as a circular, and any changes in the operating schedule have also been announced by the publication of a new circular. With Circular 3/2021, Norges Bank establishes the operating schedule for NBO as a separate document at the NBO web page in the same manner as the terms and conditions for account management. Changes in the operating schedule will be published in accordance with the terms and conditions for account management. Major changes will be circulated for comment before being laid down.
The changes in the operating schedule for Norges Bank’s settlement system are laid down pursuant to Section 1 of the Terms and Conditions for Account Management at Norges Bank.
This Circular supersedes Circular 8/2019.