Euroclear Sweden is pleased to announce the addition of Danish krone to its Exchange Traded Products service offering. Euroclear Sweden now provides a service for issuance, settlement and payment of Exchange Traded Products (ETPs) in Danish krone, Euro and Swedish krona. 

"The ability to issue efficiently in additional currencies in order to reach the Nordic investor community has been requested by our clients", says Sofia Hovelius, Product Manager at Euroclear Sweden.

Euroclear Sweden´s clients have been able to issue, settle and pay in Swedish krona and euro and Euroclear Sweden now expands its Nordic offering with the addition of Danish krone.

The ability to issue and pay in Danish krone is offered to clients issuing ETPs (such as warrants and standardised unit traded certificates) via Euroclear's service Plug & Clear. The service currently handles over 95 per cent of the volume of ETPs issued on the Swedish market. 

Plug & Clear is a fully-automated service for affiliation, issuance and de-registration of ETPs.

"The service allows an efficient process throughout the product lifecycle via Straight-Through-Processing (STP). This improves lead times, provides automated status reports and reduces operational risk and cost", says Sofia Hovelius.

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