Costs related to equity derivative trading

When you trade equity derivatives, there are transaction fees for entering and closing the position.

Man in front of a screen with many graphs

Man in front of a screen with many graphs

When entering a derivatives trade, a brokerage fee is paid to the bank (see brokerage fees). For exchange-traded derivatives, a trade and/or clearing fee is also paid. On top of that, there is an interest margin for products where the bank finances the exposure on behalf of its customer in an equity derivative. The interest margin is included in the price of the equity derivative and depends on the product’s duration. These costs are paid when the trade is made.

There are no ongoing costs associated with these products.

To the derivatives product page

Single Stock Futures

Exchange Traded Stock Options

Forwards and Futures (OTC)

Total Return Swaps

International derivatives

Index Futures

Costs Index futures (e.g. OBX/OMX) Derivatives
Brokerage fee¹	0.50 % Minimum NOK 500
Trading fee²	NOK 2.10
Clearing fee²	NOK 1.90
Clearing fee for redemptions²	NOK 4.00
1: Trading fee is NOK 0.60 until 30 November 2021 inclusive 2: See summary of costs for Nasdaq Read more about how costs are calculated, with examples (PDF, Norwegian)

Index Options

Costs for index options (e.g. OBX, OMX)
Brokerage	3 % Minimum NOK 500
Trading fee¹	NOK 1.50
Clearing fee for trades¹	NOK 1.20
Clearing fee for redemptions¹	NOK 3.00
1: See summary of costs for Nasdaq Read more about how costs are calculated, with examples (PDF, Norwegian).

Single Stock Futures

Single Stock Futures - Cash Derivatives
Brokerage fee	0.50 % Minimum NOK 500
Trading fee¹	NOK 1.20
Clearing fee for trades²	NOK 1.00
Clearing fee for redemptions³	NOK 4.00
1: Trading fee will be a maximum of NOK 1 800 per contract note 2: Clearing fee for trades will be a minimum of NOK 500 and a maximum of 5 000 per contract note 3: Clearing fee for redemptions will be a maximum of NOK 3 000 per contract note See also a summary of costs for Nasdaq. Read more about how costs are calculated, with examples (PDF, Norwegian).

Exchange Traded Stock Options

Exchange Traded Stock Options Derivatives
Brokerage fee	3 % Minimum NOK 500
Trading fee¹	NOK 2.70
Clearing fee for trades²	NOK 1.20
Clearing fee for redemptions³	NOK 4.00
1: Trading fee will be a maximum of 1 % of turnover. 2: Trading fee will be a maximum of NOK 10 000 per contract note 3: Clearing fee for trades will be a maximum of NOK 5 500 per contract note See also a summary of costs for Nasdaq. Read more about how costs are calculated, with examples (PDF, Norwegian).

Forwards and Futures (OTC)

Forwards and Futures (OTC)

OTC Stock Forwards
Brokerage fee	0.50 % Minimum NOK 1 000
Interest margin p.a.¹	3 %

OTC Stock Options
Brokerage fee	3 % Minimum NOK 1 000
Interest margin p.a.¹	3 %

1: In addition to DNB’s funding cost for the same term as the forward. The interest price is baked into the price for the customer.

Read more about how the costs are calculated, with examples (PDF, Norwegian)

Total Return Swaps

Total Return Swaps Derivatives
Brokerage fee	0.50 %
Minimum brokerage fee	NOK 1 000
Interest margin p.a.¹	3 %
1: In addition to DNB’s funding cost for the same term as the forward. The interest price is baked into the price for the customer. Read more about how costs are calculated, with examples (PDF, Norwegian).

International derivatives

Costs International Futures Derivatives
Brokerage fees all products	0.50 % Minimum NOK 1 000
Clearing, trading and exercise/expiration fees¹:
DAX	EUR 2.00 per contract
EUROSTOXX	EUR 1.80 per contract
DJ STOXX 600	EUR 1.80 per contract
HEX25	EUR 2.40 per contract
IBEX	EUR 3.10 per contract
FTSE	GBP 1.68 per contract
SPMini	USD 2.66 per contract
NIKKEI	JPY 535 per contract
1: This cost may vary, and should be discussed with the broker before trading Read more about how costs are calculated, with examples (PDF, Norwegian).

Costs International Options Derivatives
Brokerage all products	3 % Minimum NOK 1 000
Clearing, trading and exercise/expiration fees¹
Eurostoxx	EUR 1.70 per contract
DAX options	EUR 2.00 per contract
US Index and Stock options	USD 3.00 per contract
1: This cost may vary, and should be discussed with the broker before trading. Click here (PDF, Norwegian) for a summary of costs, examples of total costs for trading and the effect the cost has on the return on investment.