Net position

The net position refers to the total net deposits of monetary policy counterparties in kroner at Danmarks Nationalbank, broken down by the various loan and placement options provided by Danmarks Nationalbank. As a general rule, the net position is defined as counterparties’ holdings of certificates of deposit and current account deposits less monetary policy loans.


The net position of the banks and mortgage-credit institutions vis-a-vis Danmarks Nationalbank at market close on 23. May 2024

bn. DKK
Current account deposits 259.6

Certificates of deposits 0.0

Weekly loans against collateral 0.0

Net position 259.6

Net position development (kr. billion)

Banks and mortgage credit institutions, also known as monetary policy counterparties, are provided with a number of different loan and placement options by Danmarks Nationalbank. These options, or facilities, are also called the monetary policy instruments. The aggregate use of monetary policy instruments is called the net position and refers to the total net deposits of monetary policy counterparties in kroner at Danmarks Nationalbank. 

The net position is calculated daily at 16:45 at the close of the monetary policy day and announced the next banking day at 8:00. 

The net position is primarily affected by government payments, Danmarks Nationalbank’s foreign exchange transactions and changes in banknotes and coins in circulation.