Nasdaq Clearing AB (Nasdaq) is changing its membership structure with the Swedish CSD: Nasdaq will as of December 3rd 2018 (NB: new date) change its business identity in Euroclear Sweden and formally adopt the role of nominee.
Please note the new date, and that the information in the message sent on September 17th should be disregarded.
The transition mandates changes in Nasdaq’s Standing Settlement Instruction (SSI) for pledging of bonds as Collateral or to the Default Fund.
Nasdaq is finalizing the transition to nominee in cooperation with Euroclear Sweden and will disseminate the securities accounts to be used on all instructions related to deposit and/or withdrawal of Collateral- & Default Fund-contributions with trade date December 3rd 2018 and onward.
The action required from all members is to update their systems and/or processes to cater for this change.
The securities account details will be provided to our members in a second market notice during early November, and will also be published on Nasdaq’s websites for Collateral Management and Default Fund, respectively.
Nasdaq would like to point out that members only pledging equities may continue as normal since securities account number is an optional criterion for equity transactions in Euroclear Sweden’s VPC-system.
Note: members holding segregated securities account(s) for Collateral and/or Default Fund with Nasdaq will be contacted separately.
For further information, please contact Nasdaq Clearing:
Telephone +46 8 405 68 80 or clearing@nasdaq.com