VPC AB and OMX AB yesterday announced that the merger of the OMX-owned Finnish Central Securities Depository (APK) and VPC, the Swedish equivalent, was complete. Following the completion of the merger, the business area Settlement & Depository will be deconsolidated and will no longer be a part of the OMX organization.
VPC is the central link between issuers and owners/custodians of financial instruments in Sweden. APK (Finnish Central Securities Depository) makes up OMX’s business area Settlement and Depository within the OMX Exchanges division. It operates the Finnish settlement and registry systems, offering market participants efficient securities clearing, settlement and depository services.