Participants in VPO are required to sign a Settlement Agreement.

By signing the Settlement Agreement, the customer accepts VPS Rules for Registration of Financial Instruments, VPS General Terms and Conditions for Account Operators and VPS Rules for Central Securities Settlement in Norwegian Kroner (VPO NOK). In addition, participants that use the services of a liquidity bank must provide a Liquidity Declaration issued by a liquidity bank that holds accounts with Norges Bank.

Participation is decided by VPS based on criteria set out in the VPO NOK Rules.


Services for settlement participants


VPS Clearing and settlement

VPS Clearing and Settlement is a service for investment firms and settlement agents that participate in the Norwegian central securities settlement. The service is also a valuable tool for liquidity banks and asset managers.

VPS Corporate

VPS Corporate is a service designed to meet the needs of account operators and investment firms carrying out tasks on behalf of companies. The service provides access to information on securities registered with VPS and facilitates corporate actions such as new issues, distribution issues and acquisitions.


Message Exchange ISO 15022

VPS uses the international standard for the exchange of electronic messages between participants in the securities markets, ISO 15022. This allows participants in the settlement system to apply the same standard for their communications with both customers and VPS.


All services for settlement participants