KAS Bank has signed an agreement with Svenska Handelsbanken for the clearing of stock exchange transactions by remote members of both the Copenhagen Stock Exchange and theOslo Stock Exchange.
With agreements already in place to clear trades via Svenska on the Helsinki Exchanges (HEX) and the Stockholm Stock Exchange, KAS Bank says it can now offer local and remote clearing and settlement services throughout the Nordic region.
KAS Bank’s Dutch and international clients are now able to settle on-exchange transactions in 15 countries in all.
The advantages of the multi-market clearing service, says KAS Bank, include uniform reporting, a single credit arrangement (with cross collateralisation and margin financing) and a single account structure, communication protocol and clearing agreement.