Consequently, close to 75 per cent of the total trading volume will, in future, be presented in an appropriate and clear way in e.g. the Official List of the Copenhagen Stock Exchange.
The following bonds are defined as benchmark bonds:
- Bullet loans and Treasury bills issued by the Danish government
- Open mortgage credit series - each of the six institutions (BRF, DLR, Nordea Kredit, Nykredit, Realkredit Danmark and Totalkredit) chooses a maximum of 10 series open for tap issuance, and
- Closed series with a volume in circulation of not less than DKK 5 billion In cooperation with the Nationalbanken, the Danish Securities Dealers' Association and the Association of Danish Mortgage Banks, the Copenhagen Stock Exchange has decided to change the principles defining 'benchmark bonds'.
Anders Brusendorff said: "We are pleased that we, the issuers and the traders have agreed on new, good principles defining what bonds may be considered as benchmarks. Thus, the most liquid bonds are presented in the most expedient way for both borrowers and investors."
