Working group for alternative reference rates in NOK Meeting minutes Wednesday, 6 February 2019 Norges Bank – Bankplassen 2

Vidar Knudsen (DNB Bank) presented the meeting agenda, after which Henning Nilsen (Sparebank 1 Boligkreditt) reviewed the responses to the previous consultation report,..

To ensure sufficient liquidity for Nowa derivatives, the working group proposes that banks active in the interest rate derivatives (IRD) market agree to support the market by

Furthermore, the working group proposes setting the spread adjustment equal to the median difference between Nibor and term- adjusted Nowa over the past five years before Nibor

Agenda for meeting in working group for establishing an OIS market in NOK Monday 10..

The group discussed who might be potential users of an OIS market in NOK and agreed to contact potential users to obtain more information about their interest in using such a

Several group members therefore argued that the list of criteria should not be presented as requirements but as preferred qualities for an alternative reference rate. The

Olav Gunnes (DNB Bank), Eske Smidt (Danske Bank) and Kristian Semmen (Sparebank 1 Markets) presented their views on the challenges of using risk-free overnight rates as a