Single point of access to European and Nordic distribution
For settlement in multiple currencies, VP offers you a secure and efficient solution throughout Europe and the Nordic region. We are part of TARGET2-Securities (T2S) and we have direct access to Danmarks Nationalbank and Sveriges Riksbank, which ensures you streamlined settlement in central bank money, EUR, DKK and SEK.
Clearing and settlement of cash and securities can take place in both T2S and VP settlement batches. During daytime hours, real-time settlement is available in T2S, while settlement at other times is subject to netting.
Based on your customers’ need for investor protection, you can choose either a segregated or omnibus account set-up. Depending on your own individual settlement needs, we can offer settlement in VP or settlement in T2S.
VP traditionally serves a market for segregated securities accounts, with more than 3.2 million active securities accounts. The vast majority of these securities accounts cater for the banks’ retail clients and are settled on the VP settlement platform. VP settlement and T2S settlement are therefore highly dependent on each other and we offer many features to support the entire settlement flow life cycle.
Direct connection to the international securities marketBy being part of T2S and offering direct connection to the international securities market through links to Clearstream Banking and Euroclear Bank, VP provides an extensive distribution network.
You can settle in EUR and DKK by using standardised communication formats and functionality.