Denmark - Lending Rate





Denmark: Lending Rate

Mnemonic IRLEND.IDNK
Unit % p.a., NSA
Adjustments Not Seasonally Adjusted
Monthly
Data Jul 2019 0
Jun 2019 0

Series Information

Source Statistics Denmark
Release Interest Rates-Monetary Policy
Frequency Monthly
Start Date 1/31/1985
End Date 7/31/2019

Denmark: Markets

Reference Last Previous Units Frequency
Monetary Policy Rate 16 Aug 2019 0.05 0.05 % p.a., NSA Business Daily
Stock Market Index 15 Aug 2019 1,000 997.06 Index, NSA Daily
Average Long-term Government Bond Jul 2019 -0.34 -0.23 % p.a., NSA Monthly
Lending Rate Jul 2019 0 0 % p.a., NSA Monthly

Release Information

The purpose with Interest rates and share prices is to analyse the development in prices on the money and capital market. Different sources are used to collect the primary data for the statistics. Most of the statistics have been published by Statistics Denmark for a very long period of time, in some cases from the beginning of the 20th century.

The development in prices on the money and capital market inlcude:

  • price and redemption yield on standard mortgage deeds
  • a selection of money market interest rates and the Nationalbank's official interest rates
  • a selection of share price indices and effective rate on leading bonds
  • foreign exchange reserve, composition and development over time
  • the banks external position divided on assets and liabilities
  • money stock, composition and development over time
  • a selection of foreign exchange rates

The statistical population consists of monetary financial institutions, in Denmark and selected countries around the world, including the central bank, deposit-taking corporations, and money market funds.

Statistics are gathered from authories including Danmarks Nationalbank (money market rates, foreign exchange reserve, the banks external position, money stock) the Copenhagen Stock Exchange (bond yield, share price index), the Danish Bankers' Association and the International Monetary Fund/IMF (price and yield on standard mortgage deeds). Data is validated by contacting respective authorities if significant changes compared to previous periods are observed.

Source Definitions:

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.

Danmarks Nationalbank's lending 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.

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.

Price and yield on typical private mortgages:
              Par-mortgages: newly issued mortgages grouped according to maturity.
              Circulating mortgages: grouped according to mortgage status as a percentage of property value

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

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.

OMXC20: 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.

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 1 April 2003 with the base value of 1000.00.

MidCap+: the Copenhagen Stock Exchange's segment for medium-sized comp panies 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. MidCap+ is calculated as a performance index, which reflects the changes in market value of the flee float portfolio including dividend. MidCap+ began on 1 April 2003 with the base value of 1000.00.

The foreign exchange reserve: Composition and time series. Specifies Danmarks Nationalbank's available means of payment, which can be used abroad. It consists of: the stock of gold, claims on the European Central Bank, claims on the International Monetary Fond (SDR), and foreign liabilities.


The Money supply: Composition and time series: The supply consists of different levels according to liquidity:             

       M1: Notes and coins in circulation plus short term bank deposits at notice

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

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


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.

Only final data are published.

For more information visit: http://www.statbank.dk/MPK3