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Euroclear Sweden is the main
Official website
Central securities depositories of Europe {{finance-stub
Euroclear Sweden is the main central securities depository
A central securities depository (CSD) is a specialized financial market infrastructure organization holding securities such as shares or bonds, either in certificated or uncertificated ( dematerialized) form, allowing ownership to be easily tra ...
(CSD) in Sweden
Sweden, formally the Kingdom of Sweden, is a Nordic countries, Nordic country located on the Scandinavian Peninsula in Northern Europe. It borders Norway to the west and north, and Finland to the east. At , Sweden is the largest Nordic count ...
, headquartered in Stockholm
Stockholm (; ) is the Capital city, capital and List of urban areas in Sweden by population, most populous city of Sweden, as well as the List of urban areas in the Nordic countries, largest urban area in the Nordic countries. Approximately ...
. It is a fully-owned subsidiary of the Euroclear Group
Euroclear, or the Euroclear Group, is a Belgium-based financial market infrastructure group that specialises in the central securities depository (CSD) segment. It traces its origins to the Euro-clear System developed in 1968 by Morgan Guaranty (a ...
.
Overview
Värdepapperscentralen AB (VPC) was established in 1971 as the sole CSD for Sweden. It was owned jointly by Sweden's main banks: as of 2003, 98.6 percent of its capital was held by SEB,Handelsbanken
Svenska Handelsbanken AB is a leading Nordic countries, Nordic bank with international operations, providing a comprehensive range of financial services including corporate banking, investment banking, trading, and consumer banking such as loans, ...
, Nordea
Nordea Bank Abp, commonly referred to as Nordea, is a Nordic financial services group operating in northern Europe with headquarters in Helsinki, Finland. The name is a blend of the words "Nordic" and "idea". The Nordic countries are considered ...
, and FöreningsSparbanken
Swedbank AB is a Swedish multinational banking group headquartered in Stockholm, Sweden. It operates primarily in the Nordic and Baltic regions, offering services such as retail banking, asset management and other financial services. Swedbank ...
, with the residual 1.4 percent held by minor banks and investment firms.
On , VPC announced its merger with its Finnish peer Arvopaperikeskus
Euroclear Finland is the central securities depository (CSD) of Finland, headquartered in Helsinki. It is a fully-owned subsidiary of the Euroclear Group.
Overview
In June 1989, the Bank of Finland, the Finnish government and the Helibor banks es ...
(APK) to form the Nordic Central Securities Depository (NCSD). As a consequence of the transaction, OM HEX AB, the owner of both the Finnish and Swedish stock exchanges, became owner of nearly 20 percent of NCSD, the rest remaining mainly owned by the four large Swedish banks. In subsequent years, the Swedish banks bought out the share of OM HEX, which had been renamed OMX in August 2004.
On , Euroclear announced its acquisition of the NCSD, after which the CSDs in Finland and Sweden were respectively renamed Euroclear Finland and Euroclear Sweden.
See also
*European Central Securities Depositories Association
European Central Securities Depositories Association (ECSDA) is the official trade association for the Central Securities Depository industry in Europe. The association provides a forum for Central Securities Depositories (CSDs) to exchange views ...
References
External links
Official website
Central securities depositories of Europe {{finance-stub