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Notice on the penalty regime for lack of delivery
We refer to the news release from Oslo Børs VPS on 26 February about the introduction of a central counterparty (CCP) in the Norwegian market, as well as our letter of 5 December 2008 on the introduction of a penalty regime for lack of delivery.
The CCP will be launched during the first quarter of 2010.
The test period for the penalty regime started on 5 January 2009. The VPS would like to see these two arrangements in context. Thus we will not start invoicing on 1 April 2009 as announced earlier.
Meanwhile, we will continue the trial period, and at the request of several customers, the reports will be available in VPS Oppgjørsinfo as before.