Custody/clearing  
DANSKE BANK    
 
 
DENMARK - Capital Market Infrastructure Summary

Central Securities Depository
VP Securities

BIS Model
Model 1, Model 3

Settlement Cycle
T+2

T2S
VP Securities is set to migrate to T2S in the third wave, scheduled for 12 September 2016.

Comment
VP acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Commercial paper, Investment funds, Rights and warrants.

Key terms defined in our glossary:

Central Securities Depository
BIS Model 1
BIS Model 3
Settlement Cycle
TARGET2-Securities (T2S)

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.