NASDAQ OMX Nordic: Nasdaq Clearing introduces Partial Settlement for VP registered securities in T2S

Starting November 29th, 2021 Nasdaq Clearing will mandate Partial Settlement
for Danish Equities and Bonds that settle vs Nasdaq Clearing in T2S. Partial
Settlement in T2S will be activated to ensure settlement efficiency between
Nasdaq Clearing and it's counterparties in T2S. 



Settlement instructions in T2S will be considered to be eligible for partial
settlement when: 

 -- there is insufficient securities to settle the full quantity of a
   settlement instruction
 -- neither party has opted-out from partial settlement



Nasdaq Clearing expects all counterparties to be able to handle partial
settlement in T2S by using a partial settlement indicator on settlement
instructions vs Nasdaq Clearing enabling partial settlement or by leaving the
partial settlement indicator blank. The partial settlement indicator NPAR i.e.
opt out of partial settlement - should not be used by counterparties on
settlement instructions vs Nasdaq Clearing in T2S - after November 29th, 2021. 



Please send any questions or request for further information to:
[e-mail]. 

Nasdaq Clearing

+ 46 8 405 6880
[e-mail]