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.
