(Repeats to additional subsribers)     OSLO, July 2 (Reuters) - July 2 (Reuters) - DNB ASA  
   DNB.OL
   :  * In the second quarter of 2014, the DNB Group will record a positive effect of basis swaps connected to funding of approximately NOK 33 million.   * In the second quarter of 2013, there was a negative effect of basis swaps of NOK 88 million.   * Basis swaps are derivative contracts entered into in connection with long-term funding in international capital markets where the relevant currency is converted to Norwegian kroner.   * These swaps are hedging instruments, and over the lifetime of the derivatives the mark-to-market adjustments will have zero effect. ((Reuters, Oslo newsroom, tel: +47 23 31 65 99, e-mail: oslo.newsroom@reuters.com))   (Reporting by Gwladys Fouche)  ((gwladys.fouche@thomsonreuters.com; +47 23 31 65 94; Reuters Messaging: gwladys.fouche.reuters.com@reuters.net))  Keywords: DNBASA/BRIEF