When the new clearing link goes live in March, trading participants on Oslo Børs and Oslo Axess will have a choice between clearing houses. Oslo Clearing introduced equity clearing for Oslo Børs and Oslo Axess in 2010. Members of Oslo Børs will now also have the opportunity to choose LCH.Clearnet in clearing these instruments.
All equity instruments and derivatives traded on Oslo Børs and Oslo Axess are cleared through a central counterparty (CCP) – a clearing house. Consequently, members must set up a clearing arrangement in order to trade these products on these marketplaces. Clearing entails an organization to act as an intermediary for transactions, in order to reconcile orders and also to guarantee for settlement and delivery of securities between the transacting parties.