Clearing and Settlement / VP Securities

Clearing and Settlement

Domestic and foreign banks, brokers and dealers will typically experience a number of post-trade challenges. Regardless of whether trades are done on exchange or over the counter (OTC), it is vital to the investment business that the trades are settled in an efficient and secure manner.

Inefficient clearing and settlement processes can result in costly operations as a consequence of manual processes, unnecessary risks and tying up of liquidity.

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Your benefits from our solutions

 

  • Official Danish Central Securities Depository and designated Securities Settlement System
  • Eliminating principal risk through Delivery vs. Payment (DvP) and settlement in Central Bank money
  • State of the art infrastructure ensuring high STP ratio in all parts of the process
  • Reduction of liquidity requirements due to efficient netting in the clearing process
  • Automated collateral solution optimizing your liquidity and collateral management
  • Netting of payments across asset classes
  • Direct access to the international securities markets via efficient DvP links

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Streamlined clearing & settlement

VP was the first CSD in the world to digitise securities. Our clearing & settlement system offers the most effective infrastructure to settle transactions in Danish securities.

VP's clearing & settlement system provides settlement runs with the opportunity for netting (set-off) of securities and monetary amounts multiple times a day. In daytime hours, real-time settlement is also available. Our clearing system calculates each customer’s positions in both monetary and securities terms on a net basis, thereby reducing the liquidity requirement.

VP’s unique auto collateralisation with the Danish Central Bank based on floating pledges also helps to further reduce the liquidity requirement.

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