The Central Bank of Iceland has revised the data sources and methodology for its market securities statistics and recalculated data from October 2023 onward. The changes alter securities coverage and the treatment of bonds and bills but exclude statistics on collective investment fund shares. For the recalculated period, securities data other than fund shares come from Nasdaq CSD and Iceland Securities Depository, replacing a mix of stock exchange, government debt and balance sheet sources. Coverage now reflects securities held or registered with the domestic depositories, regardless of where they were issued. By contrast, the previous stock exchange data covered the total issuance of securities with dual listings admitted to trading in Iceland, including holdings at foreign depositories. All bonds and bills are now reported net of issuers’ own holdings, a treatment previously limited to Treasury securities. Indexed Treasury securities now include accrued interest and indexation compensation, both previously excluded. Movements between September and October 2023 therefore reflect changes in data collection and methodology as well as actual changes in securities issuance and values.
Central Bank of Iceland revises market securities statistics and recalculates data from October 2023
The Central Bank of Iceland has revised its market securities statistics using domestic depository data and recalculated the series from October 2023, excluding collective investment fund shares. Bonds and bills are now reported net of issuers’ own holdings, while indexed Treasury securities include accrued interest and indexation compensation. Comparisons between September and October 2023 reflect methodological changes as well as actual movements in issuance and values.