Market practices in Denmark
Denmark
| Name of National Central Bank | Danmarks Nationalbank |
| Phone number of the CCBM unit | + 45 33 63 69 39 |
| Fax number of the CCBM unit | + 45 33 63 71 17 |
| targetgroup@nationalbanken.dk | |
| Foreign counterparties’ contact for credit claim related issues | Not applicable |
| Publications describing local legal and operational procedures | - |
Legal and procedural aspects
| Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) | When acting as CCB, a safe custody account in the HCB's name is opened.Danmarks Nationalbank acts as the administrator of this account. |
| Procedural aspects governing a pledge towards the NCB and legal documentation used (if applicable) | When acting as CCB, a safe custody account is opened in the pledger's name. Danmarks Nationalbank acts as the administrator of this account. |
| Specific procedures governing non-marketable assets | Not applicable |
| Technical Aspects | Værdipapircentralen A/S (VP Securities Services) |
|---|---|
| Type of eligible assets held | Marketable assets |
| Opening hours | 08:00 - 17:00 CET |
| Number of settlement cycles per day (please indicate cut-off for inputting instructions for each cycle) | - |
| BIC of SSS(s) | VPDKDKKK |
| Account of NCB in the SSS | - |
| HCB's sub accounts in the SSS (where applicable) | - |
| Matching requirements | - |
| Matching/Settlement details | See VP website |
| Special Operating Procedures | - |
| Homepage of SSS | www.vp.dk |