Collateral for loans
Banks have access to loans and deposits in the central bank. Loans are extended against collateral.
Links to the documents relating to banks' access to loans follow.
Current
On 1 November 2005, Norges Bank introduced new rules for banks’ furnishing of collateral. In connection with the introduction of the new rules, a transitional period was stipulated for securities that were already deposited, but that did not satisfy the new rules (see Norges Bank’s Circular no. 7 of 19 October 2005). The transitional period expires on 1 November 2007, and with effect from this date, the following deposited ISIN will no longer be approved as collateral for loans in Norges Bank.
Requests to release collateral must be received by Norges Bank no later than 12 noon if the collateral is to be released on the same day. Securities issued in Australia, Canada, the Cayman Islands, Jersey, Guernsey and the US will be approved as well as securities issued in the EEA area.
The Alternative Bond Market (ABM) on the Oslo Stock Exchange has been approved as an alternative market place for listing securities pledged as collateral for loans.
Application form
The application form for approval of securities as collateral for loans in Norges Bank may be completed either in Excel or PDF format. The application form in Excel format may be completed on your own PC and e-mailed to nbo@norges-bank.no. The application form in PDF format must be printed out and returned by fax to 22 42 14 88 or 22 31 65 65.
For more information, please contact the Interbank Settlement Department, tel. +47 22 60 78 or send e-mail to: nbo@norges-bank.no.