Working group for alternative reference rates in NOK Meeting minutes Tuesday, 15 November 2018 Norges Bank – Bankplassen 2

On the other hand, the expanded Nowa rate could fluctuate on a daily basis if the foreign banks’ deposits increase relative to the deposit volumes traded between banks with an

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 working group discussed the next phase of its work, which will focus on how Nowa can be used as an alternative reference rate. The working group discussed other focus areas

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