Clearing of Danish and Finnish derivatives
Oslo Børs starts quoting Danish and Finnish stock and index derivatives Monday the 14th of January. Simultaneously Oslo Clearing are opening for clearing and settlement of these products.
Oslo Clearing will at the same time extend TM derivatives to include a numerous Danish and Finnish stocks and indices as well.
For further information please read more, or contact us.
Information regarding trading, clearing and settlement of Danish and Finnish stock and index derivatives.
Oslo Stock Exchange starts quoting Danish and Finnish stock and index derivatives Monday 14th of January. Simultaneously VPS Clearing are opening for clearing and settlement of these products. VPS Clearing will at the same time extend TM derivatives to include numerous Danish and Finnish stocks and indices as well.
Standardized Derivatives:
OSE starts quoting standardized derivatives in the following products:
- Danish stock options
- Danish stock futures
- Finnish stock options
- Finnish stock forwards
- Index options (OMXC20 and VINX30)
- Index futures (OMXC20 and VINX30)
Tailor Made derivatives:
VPS Clearing offers TM derivatives in the following products:
- Danish stock options
- Danish stock forwards
- Finnish stock options
- Finnish stock forwards
- Index options
- Index futures
- Customized indices
Fokus Bank will act as settlement bank and agent (custodian) for Danish and Finnish products. Clearing members deciding to offer these products must establish accounts in Fokus Bank denominated in DKK and/or Euro respectively. When returning the attached letter of reply, VPSC will request Fokus Bank to assist you in establishing all necessary accounts and contracts.
In order to do business in Danish and Finnish derivatives the clearing member must have a settlement agent (custodian) that are able to participate on behalf of the clearing member in the Danish and Finnish securities settlement. VPS Clearing will be the counterparty in all deliveries.