VPS has announced compulsory participation in the Pool Lending Scheme for all members at the Oslo Bors from March 1, 2008.
However, the Sub-Custody side of DnB NOR, Nordea and SEB have sent a letter to the VPS, communicating their disagreement to the compulsory participation.
“We have requested VPS to reconsider and amend their decision,” says a DnB NOR Spokesman.