Chart 2.1 Daily average turnover in NICS. In billions of NOK.
2002 – 2013
0 50 100 150 200 250 300
0 50 100 150 200 250 300
01 02 03 04 05 06 07 08 09 10 11 12 13
NICS net (previously NICS retail clearing)
NICS SWIFT Net (included in NICS Net from june 2010) NICS Gross
Source: NICS Operations Office
Chart 2.2 Disruptions in NICS operations. Number of errors and error points. 1998 – 2013
0 50 100 150 200 250 300
0 50 100 150 200 250 300
1998 2000 2002 2004 2006 2008 2010 2012
Number of errors
Number of error points
Source: NICS Operations Office
Chart 2.3 Daily turnover in NBO in 2013. In billions of NOK
0 100 200 300 400 500 600 700 800
0 100 200 300 400 500 600 700 800
Jan.13 Mar.13 May.13 Jul.13 Sep.13 Nov.13
Source: Norges Bank
0 50 100 150 200 250
0 50 100 150 200 250
01 02 03 04 05 06 07 08 09 10 11 12 13
NICS SWIFT
(phased out June 2010)
VPS and Oslo Clearing
NICS net
Gross outside NICS
NICS Gross
Chart 2.4 Average daily turnover in NBO by settlement. In billions of NOK. 2001 – 20131
Source: Norges Bank
1 Break in series in 2009
Chart 2.5 Gross settlements during the day. Daily average. Percentage of total gross settlement value
0 20 40 60 80 100
0 20 40 60 80 100
Percentage per hour 2013 Percentage per hour 2009 Percentage per hour 2007 Cumulative 2013
Cumulative 2009 Cumulative 2007
Source: Norges Bank
Chart 2.6 Banks’ total deposits and unutilised borrowing facilities at Norges Bank (end of day). In billions of NOK. 2013
0 50 100 150 200 250 300 350
0 50 100 150 200 250 300 350
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Unutilised borrowing facilities
Total deposits
Source: Norges Bank
Chart 2.7 Liquidity fraction. Maximum liquidity needs during a single day for banks in NBO relative to the bank’s available liquidity in NBO. Normal transaction order. Average for banks with direct settlement in NBO, 2013
0 0,1 0,2 0,3 0,4 0,5 0,6
0 0,1 0,2 0,3 0,4 0,5 0,6
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22
Source: Norges Bank
Chart 2.8 Average daily volume and daily value by instrument. In billions of USD.
December 2013
0 100 200 300 400 500 600 700 800 900
FX spot FX forwards FX swaps
0
50 000 100 000 150 000 200 000 250 000 300 000 350 000 400 000 450 000 500 000 Average daily volume (left-
hand scale)
Average daily value (right- hand scale)
Source: CLS
Chart 2.9 Value of daily NOK settlements in CLS, and pay-ins and pay-outs in NOK.
Monthly average. In billions of NOK. 2006–2013
Source: CLS and Noregs Bank
0 5 10 15 20 25 30 35 40 45
2006 2007 2008 2009 2010 2011 2012 2013
0 50 100 150 200 250 300 350 400 450
Settled (left-hand scale)
Pay-ins and pay-outs (right-hand scale)
Chart 2.10 Market share for selected stock exchanges.
15-day moving average. 1 Jan. 2009 – 31 Dec. 2013
40 50 60 70 80 90 100
40 50 60 70 80 90 100
Jan.09 Jan.10 Jan.11 Jan.12 Jan.13
Frankfurt Stockholm London Oslo Børs Copenhagen Zürich
Source: BATS Chi-X Europe
Chart 2.11 Daily turnover in the securities settlement system. In billions of NOK. 2013
0 20 40 60 80 100 120 140 160
jan. 13 mar. 13 mai. 13 jul. 13 sep. 13 nov. 13 0
20 40 60 80 100 120 140 160
VPO 1 VPO 2
Source: VPS
