Clearing and Settlement

The subject area covers clearings and settlements of capital transactions sent between banks through the financial sector’s common infrastructure.

NICS (Norwegian Interbank Clearing System) is the commen clearing system for the Norwegian Krone and is used by all Norwegian financial institutions that participate in the financial sector’s common infrastructure for payment systems. Financial institutions are obliged to use NICS for financial transactions within the financial sector’s common infrastructure that can affect financial institutions in Norges Banks Setting System (NBO).

NICS Management Office is the concessionaire for the operation of NICS in accordance with (Norwegian) law on payment systems.