Creation Link Guide - Denmark
|Settlement free of payment||Yes||No|
|Settlement against payment||Yes||Yes||VP system - Eligible settlement currency: Danish Krone (DKK)|
T2S - Eligible settlement currency: Euro (EUR).
|Partial settlement||No||No||VP Securities will not offer partial settlement and therefore it is not applicable to settlement in T2S with counterparties that access T2S via VP Securities in the interim period.|
|Settlement penalty fees||No||No|
|Hold and release||Yes||No|
VP System: Pre-matching is available.
T2S: The T2S functionality "Hold and release" will not be available in for VP Securities eligible securities.
|Yes||No||The linking of settlement instructions in T2S will not be available for VP Securities eligible securities.|
VP System: Via the CSD on against payment transactions only.
|Transaction management||Yes||No||Market claims and transformations will not be available.|
|Multi Market Securities||Yes||Yes||T2S: Limited to settlement with CSDs being in T2S|
|Lending and borrowing||Yes||Yes|
|Liquidity Hub Connect||No||No|
|Sale and purchase of rights||No||No|
|Type of link||CSD or settlement method|
|Direct link to the CSD, VP Securities for securities in book-entry form||VP Securities S/A|