Euroclear Sweden has added additional Nordic currencies to its exchange-traded products in an effort to expand its services.
As of June 2019, Euroclear Sweden’s clients will be able to use the straight-through processing (STP) solution, Plug & Clear for settlement and payment for exchange-traded products in Danish krone, in addition to Swedish krona and euro.
The service also enables STP for affiliation, issuance and de-registration of standardised exchange-traded products.
According to Euroclear Sweden, it is seeing a trend of increased customer demand to issue securities in several currencies to reach investors throughout the Nordic markets.
The Plug & Clear solution will be available for client testing in April.
