oppgjørsentraler
An oppgjørsentral, often translated as a clearinghouse or settlement system, is a financial institution or entity that facilitates the clearing and settlement of financial transactions between two or more parties. Its primary role is to act as an intermediary, ensuring that trades are completed smoothly and efficiently. When a transaction occurs, such as the buying and selling of securities or other financial instruments, the oppgjørsentral receives the details from all involved parties. It then verifies the transaction, calculates the net obligations of each party, and arranges for the transfer of ownership of the assets and the corresponding payment.
The core functions of an oppgjørsentral include risk reduction, operational efficiency, and the provision of a