02/01/2021 | Press release | Distributed by Public on 02/01/2021 03:24
Norges Bank is changing the guidelines for pledging collateral for loans from Norges Bank in line with the press release of 14 August 2020 and is announcing further changes from August 2021.
From 1 February 2021, the updated guidelines are in force as Circular 1/2021.
The following changes enter into force effective from 31 August 2021:
The most recently announced changes will entail a reversal of the relaxations in the guidelines published on 18 March 2020, except that securities in NOK with a guarantee from a Norwegian local government authority will continue to be exempt from the credit rating requirement.
Norges Bank is continuously monitoring market developments and may, at short notice, change the guidelines for pledging collateral for loans from Norges Bank if market conditions so warrant.
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