Bilateral

SIX x-clear Ltd offers clearing for the lending and borrowing of securities quoted on Oslo Børs.

The Bilateral Securities Lending facility is a tool for Clearing Members who want to provide efficient and safe securities lending and borrowing on their own and their client’s behalf. This facility is an open bilateral arrangement in which the parties involved agree on the terms and conditions of the loan bilaterally and together report the contract for clearing.

The Bilateral Securities Lending facility is a cooperative arrangement between SIX x-clear Ltd and VPS (the Norwegian CSD), where VPS provides services related to the registration, matching and delivery of underlying securities, while SIX x-clear Ltd handles clearing, margining, contract administration, the regulation of which securities can be lent, as well as collateral calculation and financial remuneration.