Foreign Shares

How can I trade international shares online?

To trade on international markets, you need to have signed an agreement on using the online equity trading service through DNB, and also signed an agreement on setting up a Foreign Securities Account.

You can easily enter an agreement for a Foreign Securities Account electronically in our equity trading service (while logged in) under the 'My profile' tab.

Read more about international trading

Yes, but as a rule you can only trade international shares on marketplaces within the EEA* with a share savings account.

To trade shares in, for example, the US or Canada, you must use an ordinary equity trading account. If you do not have this account type, it can be ordered under 'My Page' in the online equity trading solution (while logged in).

Remember that you must also enter an International Shares agreement once the account is open.

*The company must also have its head office within the EEA.

The following stock exchanges are currently available for trading via our online equity trading solution:

• Stockholm Stock Exchange, Sweden
• Copenhagen Stock Exchange, Denmark
• Helsinki Stock Exchange, Finland
• NYSE, AMEX and NASDAQ, USA
• London Stock Exchange, UK
• Frankfurt Stock Exchange, Germany
• Euronext Brussels, Belgium
• Euronext Paris, France
• Euronext Amsterdam, Netherlands
• Swiss Exchanges, Switzerland
• Madrid Stock Exchange, Spain
• Toronto Stock Exchange, Canada (1)

(1) Trading on the TSX Venture Exchange is not possible.

We offer real-time prices for the Nordic countries (OMX) and for the American stock market (USA). Real-time prices can be ordered under 'My Page' when logged in to the online equity trading solution.

For the other stock exchanges, you can check 15-minute delayed prices or closing prices from the previous stock exchange day in our online equity trading solution. If you know the name of the stock exchange or index, you can easily google the prices (see names in previous answer).

Closing times Norwegian time are 17:30 in most countries in Europe. Denmark closes at 17:00.

Closing time in the USA and Canada (Norwegian time) is at 22:00.

NB! Changes may occur, please check the individual stock exchanges' websites for updated opening hours.

As our customer, settlement works in the same way as for trading Norwegian shares. The same trading account is used to debit or credit the trading amount and the brokerage fee.

The settlement period is two working days after the trade date (T+2). Remember that the settlement period takes into account holidays in the country where the trade is executed.

It is only possible to enter Limit orders that are valid until the end of the trading day. If you enter an order after the relevant stock exchange is closed, the order will be valid for the duration of the following trading day.

To sell international shares that you have bought through other channels, e.g. over the sales desk, you need to have the shares transferred to an online foreign depository. You can do this by contacting the Global Custody department With the following information:

• Security number (ISIN)
• Number of shares
• Counterparty details (SSI of receiving/sending bank)
• Contact information of the counterparty
• Acquisition value of securities in to DNB

If you want to transfer a holding of foreign securities, a transfer authorisation must be filled out and sent to us and to the current account manager. It will only be possible to move shares to a Foreign Securities Account with us if the shares are traded on one of the stock exchanges on which we offer electronic trading.

You will find the costs for this in the price list.

We store international shares in a client account in a central securities depository where DNB is a member, or in a client account through an agent bank in markets where DNB is not itself a member of the central securities depository.

Your shares are stored separately from DNB's or any agent bank's own funds. The shares will not be included in a potential estate in bankruptcy. All shares are stored and moved in electronic form according to the rules of the local market.

You will find information for holders of shares in the US here

No, neither DNB nor DNB's agent banks lends shares belonging to DNB's customers without explicit instructions from the customer.

No, since the shares are stored in a client account, it is DNB's client account or DNB's agent bank's client account that appears in the shareholder register, depending on the registration format in the local market. The holdings are then marked as client funds in the shareholder register. For example, the term 'street name' is used in the US to describe shares that are stored as client funds through an agent bank.

This is a tax to the English government. Stamp Duty does not appear as part of the order when you enter a buy order but will be deducted from the bank account on the settlement date.

When you buy shares on the London Stock Exchange, you will be charged 0.50 per cent of the trade amount in addition to the brokerage fees. If the share is registered in Ireland, however, Stamp Duty will be 1 per cent. Please note that Stamp Duty is only paid in connection with buying and not with selling.

DNB Carnegie halted all trading with Russia following the invasion of Ukraine in 2022. This includes trading in shares of Russian companies and instruments with underlying exposure to Russian companies listed on exchanges in Europe and the USA. This occurred as a result of the extensive sanctions imposed on Russia.

For buy orders up to NOK 5 million, we will normally convert the currency automatically, immediately after the order is executed, so the correct amount is deducted in Norwegian kroner. For orders greater than NOK 5 million, however, the exchange will be made no later than the following trading day. For sales, we exchange to Norwegian kroner and credit the trading account for the sales amount either immediately, or no later than the next trading day, depending on the size of the amount.

For share purchases, an estimated exchanged amount will be reserved out of the bank account, while for sales, the amount will not be reserved into the bank account until the exchange has taken place.

Telephone:

(Switchboard): +46 8 5886 88 00

or +46 8 473 4100

Address:

Regeringsgatan 56

103 38 Stockholm

Sweden

DNB Carnegie Sverige

DNB Carnegie Investment Bank AB, Finland Branch

Eteläesplanadi 2

FI-00130 Helsinki

FINLAND

Equity Sales Tel +358 9 6187 12 00

Fixed Income Sales Tel +358 9 6187 13 33

Research: Tel +358 9 6187 12 30

Website:

DNB Carnegie Finland

Investment Banking Copenhagen

Please contact:

Jacob Bastholm

jacob.bastholm@carnegie.dk

Mobile: +45 27 73 00 44

Or

Johannes Vasehus Sørensen

johannes.vasehus@carnegie.dk

Mobile: +45 40 50 54 27

Website:

DnB Carnegie Denmark

Telephone:

(Switchboard): + 44 (0) 20 7621 1111

Address:

8th Floor,

The Walbrook Building

25 Walbrook

London EC4N 8AF

Website:

DNB Carnegie London, UK

Telephone: (Switchboard): + 1 212 681 3800

Address:

DNB Carnegie, Inc.

30 Hudson Yards, 81st floor

New York, N.Y. 10001

USA

Websites:

DNB Carnegie, Inc. NY