Statistical presentation

Data description

The development in prices on the money and capital market is described by the following information:

• a selection of money market interest rates and the Nationalbank's official interest rates
• a selection of effective rate on leading bonds
• a selection of share price indices

Classification system

The statistics are primarily grouped according to the type of interest rate or share index in question and in certain tables the statistics are grouped by sector or country

Sector coverage

The Financial sector with all other sectors as counterpart

Statistical concepts and definitions

3-months deposit rate, DKK: Interest rate offered for 3-month deposits on the Danish money market.

3-months deposit rate, EURO: Interest rate offered for 3-month deposits on the Euro currency market.

Effective rates on bonds: Yields on leading bonds averagely within central government securities, nominal mortgage credit bonds and index-linked mortgage credit bonds.

Danmarks Nationalbank's lending rate: Danmarks Nationalbank's interest rate on lending and certificates of deposit. Certificates of deposits are securities with a maturity of 14 days regularly issued on the money market by Danmarks Nationalbank. The certificates don´t accrue interest but are sold below par so that the implicit yield constitutes the lending rate. Danmarks Nationalbank normally calculates a small fee, which is not included in the interest figures.

Share indices: The indices are calculated by Copenhagen Stock Exchange and illustrate the changes in value of a portfolio consisting of the index constituents.

SmallCap+: The Copenhagen Stock Exchange's segment for small companies that have good liquidity in their shares, provide detailed information to the market and present activities to build good investor relations. The size of a company is assessed based on the market capitalisation that is freely negotiable, i.e. in free float. The liquidity is assessed based on the turnover in the share, the percentage difference between the best bid and best ask price and the share of the openings hours during which there is both a bid price and ask price available. The index is reviewed biannually at the beginning of June/December on behalf of the previous period. SmallCap+ is calculated as a performance index, which reflects the changes in market value of the flee float portfolio including dividend. SmallCap+ began on 30 december 2002 with the base value of 100.

Midcap+: The Copenhagen Stock Exchange's segment for medium-sized companies that have good liquidity in their shares, provide detailed information to the market and present activities to build good investor relations. The size of a company is assessed based on the market capitalization that is freely negotiable, i.e. in free float. The liquidity is assessed based on the turnover in the share, the percentage difference between the best bid and best ask price and the share of the openings hours during which there is both a bid price and ask price available. The index is reviewed biannually at the beginning of June/December on behalf of the previous period. MidCap+ is calculated as a performance index, which reflects the changes in market value of the flee float portfolio including dividend. MidCap+ began on 30 december 2002 with the base value of 100.

OMXC20: OMXC20 is the Copenhagen Stock Exchange's leading share index. The index comprises the 20 most actively traded shares of the preceding six-month period. OMXC20 is a tradable index on which futures and options are issued. The index is reviewed biannually at the beginning of June/December on behalf of the previous period. The shares are chosen on behalf of two criteria turnover in value and number of trades. The index is a price index reflecting the changes in prices of all the listed shares adjusted for any deluding effects that are not a consequence of supply or demand conditions. The OMXC20 index started on 3 July 1989 with the base number of 100.00. OMXC20 is a price index.

OMXC: The Exchange's all-share index. It consists of all shares listed on Copenhagen Stock Exchange classified into 10 categories following the GICS model (Global Industry Classification Standard). The previous all-share index (KAX), which existed until June 2001, only had 6 categories. The index is a price index reflecting the changes in prices of all the listed shares adjusted for any deluding effects that are not a consequence of supply or demand conditions. The OMXC all-share index started with the base number of 100.00 on 31 December 1995.

The Money supply - M1: Notes and coins in circulation plus short term bank deposits at notice.

The Money supply - M2: M1 plus time deposits with original maturity less than 2 years plus deposits at notice with original maturity less than 3 months.

The Money supply - M3: M2 plus repurchase agreements and bonds etc. issued with original maturity less than 2 years.

Circulating mortgages: Grouped according to mortgage status as a percentage of property value.

Par-mortgages: Newly issued mortgages grouped according to maturity.

Danmarks Nationalbank's discount rate: Basic interest rate set by Danmarks Nationalbank. Has since 1992 coincided with the rate to which the monetary financial institutions (MFI's) can place excess liquidity in their current accounts in Danmarks Nationalbank.

The banks external position: Illustrates the banks accounts (liabilities/assets) with non-residents. From 1 July 2000 residents from Greenland and the Faroe Islands are considered non-residents.

Foreign exchange rates from chosen countries: The rates are based on the daily listed market rates at 2.15 p.m. The index of the effective Krone rate is a geometrical weighting of the changes in the currencies of Denmark's most important trade partners.

Statistical unit

Not relevant for these statistics.

Statistical population

Monetary financial institutions consisting of the central bank, deposit-taking corporations and money market funds.

Reference area

Developments in interest rates and share indices apply to the financial markets in Denmark. The effective rate of government bonds covers Denmark, as well as selected countries from around the world.

Time coverage

The different time series cover the following periods of time:

• Danmarks Nationalbank's interest rates etc. covers the period from 1985 onwards.
• Share Index covers the period from 1996 onwards.
• Average interest rates in banks cover the period from 2002 onwards.
• Effective rate on bonds cover the period from 1992 onwards.
• Government bond yields by country covers the period from 1989 onwards.

Base period

• OMXC end December 1995
• OMXC C20 3rd July 1989
• OMXC C20 CAP 28th november 2011
• MidCap+ end December 2002
• SmallCap+ end December 2002

Unit of measure

Interest on shares and bonds etc. are measured in per cent. pro anno. Share indices are calculated as index.

Reference period

End of the month, quarter and year.

Frequency of dissemination

Monthly, quarterly (updated monthly in the Statbank) and annual - depending on the individual components.

Legal acts and other agreements

As all statistical information has been collected and published by other authorities, a special title is not needed.

No EU-regulation.

Cost and burden

There is no response burden as the data are collected by others: Danmarks Nationalbank, the Danish Stock Exchange and the Danish Bankers' Association.

Comment

Additional information is available by contacting Statistics Denmark.