Establishment of primary dealer system for Norwegian Treasury bills
Effective 18 August 2003, Norges Bank is establishing a primary dealer system for Norwegian Treasury bills. A similar agreement has existed for the government bond market since 1995.
Norges Bank has entered into a primary dealer agreement with six brokerage firms. The firms are obligated to quote prices for Treasury bills in the Oslo Stock Exchange's sub-market with automatic order matching and to generally contribute to liquidity in Norwegian Treasury bill trading. In exchange, the dealers are given the possibility of making repurchase agreements with Norges Bank in Treasury bills.
The following brokerage firms have been selected as primary dealers in Norwegian Treasury bills for 2003:
|
Brokerage firm |
OSE ID |
Contact |
Telephone |
|
DnB Markets |
DNM |
Mette Pedersen |
+47 2201 7753 |
|
Fokus Markets |
FT |
Jens Houbak-Jensen |
+47 2405 5470 |
|
Gjensidige Nor Markets |
GNM |
Leif Christensen |
+47 2231 8052 |
|
Nordea Markets |
NM |
Per Inge Heggem |
+47 2248 7733 |
|
Skandinaviske Enskilda Banken |
SEB |
Thor Harald Skaret |
+47 2282 7264 |
|
Svenska Handelsbanken Markets |
SHB |
Mats Sjöholm |
+46 8701 1580 |
Norges Bank's quoting of prices in the Treasury bills market will cease when the primary dealer agreements become effective.
Contact:
Press telephone: +47 21 49 09 30
Email: presse@norges-bank.no