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VPS lowers prices
VPS’ operations in 2007 reflect high volumes and good results, enabling VPS to reduce its prices by a total of NOK 28 million.
Jan Hellstrøm, CEO at VPS, says that cutting prices, particularly in the clearing and settlement field, will help VPS and its customers alike to strengthen their competitiveness.
Prices of clearing and settlement products will be reduced by more than 10 per cent as from New Year. There will also be price reductions on account management services, with fees payable by major investors falling by up to 30 per cent in the case of the largest customers.
Mr Hellstrøm recalls an important rationale behind the merger of VPS and Oslo Børs: the ability to offer customers even more attractive products, services and prices. This is now being acted on and, just a few weeks after the companies’ merger at holding level, we are making substantial price cuts to provide an even better offering to our customers.
Prices on the following products are to be lowered:
- Price of a trade transaction: down from NOK 4.50 to NOK 4.00
- Price of an ISO 15022 message: down from NOK 0.30 to NOK 0.20
- Major investor fee: down by up to 30 per cent
For further information please contact:
Tor Andresen, Information Manager, VPS ASA,
tlf. +47 22 63 53 03, mobile +47 91 11 54 05 eller tor@vps.no