All listed Swedish securities are deposited in dematerialised form with the Swedish Central Securities Depository - VPC AB - and clients´ securities holdings are registered on book-entry accounts in VPC, segregated from Danske Bank´s and other clients´ holdings.
The usual settlement period in Sweden is three business days: T (trade date)+1, T+2 and T+3 (settlement date). Local market participants will report their trades to the VPC clearing centre from the trade date until T+2, but the settlement process for international custody clients' third-party trades will generally begin on S-1 upon receipt of our clients' settlement instructions.
The settlement process in VPC is as follows:
| First run |
S at 10:00am (CET) |
S at 08:00am (CET) |
| Second run |
S at 12:00am (CET) |
S at 10:00am (CET) |
| Third run |
S at 02:00pm (CET) |
S at 12:00am (CET) |
| Fourth run |
N/A |
S at 02:00pm (CET) |
| Real Time Gross Settlement |
During settlement day from 07:00am until 03:00pm (CET) / FOP until 5:00pm (CET) |
The net clearing of cash is effected via accounts with the Swedish central bank,
Riksbanken.