Citi has partnered with Verdipapirsentralen ASA (VPS), the central securities depositary in Norway.
Citi, a major global bank, announced this Friday that it will start offering Direct Custody & Clearing (DCC) to its clients in Norway from mid-November. To achieve this, Citi has partnered with Verdipapirsentralen ASA (VPS), the central securities depositary in Norway.
By adding Norway to its DCC network, Citi now covers more than 60 markets worldwide, including 37 markets throughout Europe, the Middle East and Africa (EMEA). DCC provides clearing and settlement services for the trading and investing activities of broker-dealers.
Citi will access VPS through its Dublin Head Office, using its Single Legal Vehicle (SLV) platform in Europe. Through a single access point, SLV gives its clients direct access to key European locations such as TARGET2-Securities (“T2S”) markets.
Commenting on the announcement, Reto Faber, EMEA Head of Direct Custody and Clearing at Citi, said: “We are pleased to add Norway to Citi’s global direct custody and clearing network."
“This launch highlights our commitment to become a direct participant in key markets where our clients operate and offer a comprehensive, integrated custody offering across Scandinavia, thereby enabling clients to benefit from the consistency and Connectivity of Citi’s integrated network."
Speaking on the partnership, Sveinung Dyrdal, Executive Vice President at VPS, added: “We welcome Citi as a market participant and look forward to having a global bank as a direct member of VPS. Norway is an interesting market to foreign investors and Citi’s membership confirms the continued attractiveness of VPS and the Norwegian capital markets.”
Citi has been operating in the Scandinavian country for more than forty years. Currently, the bank offers a range of services such as investment banking, capital markets, and markets solutions. According to the statement, the firm hopes the partnership and DCC in Norway will allow its clients to expand their operations, as a result.
Citi, a major global bank, announced this Friday that it will start offering Direct Custody & Clearing (DCC) to its clients in Norway from mid-November. To achieve this, Citi has partnered with Verdipapirsentralen ASA (VPS), the central securities depositary in Norway.
By adding Norway to its DCC network, Citi now covers more than 60 markets worldwide, including 37 markets throughout Europe, the Middle East and Africa (EMEA). DCC provides clearing and settlement services for the trading and investing activities of broker-dealers.
Citi will access VPS through its Dublin Head Office, using its Single Legal Vehicle (SLV) platform in Europe. Through a single access point, SLV gives its clients direct access to key European locations such as TARGET2-Securities (“T2S”) markets.
Commenting on the announcement, Reto Faber, EMEA Head of Direct Custody and Clearing at Citi, said: “We are pleased to add Norway to Citi’s global direct custody and clearing network."
“This launch highlights our commitment to become a direct participant in key markets where our clients operate and offer a comprehensive, integrated custody offering across Scandinavia, thereby enabling clients to benefit from the consistency and Connectivity of Citi’s integrated network."
Speaking on the partnership, Sveinung Dyrdal, Executive Vice President at VPS, added: “We welcome Citi as a market participant and look forward to having a global bank as a direct member of VPS. Norway is an interesting market to foreign investors and Citi’s membership confirms the continued attractiveness of VPS and the Norwegian capital markets.”
Citi has been operating in the Scandinavian country for more than forty years. Currently, the bank offers a range of services such as investment banking, capital markets, and markets solutions. According to the statement, the firm hopes the partnership and DCC in Norway will allow its clients to expand their operations, as a result.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner!
An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus!
Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi
For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz
#FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity
FMLS:24 | Shaping the Next Era of Financial Evolution
FMLS:24 | Shaping the Next Era of Financial Evolution
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together!
Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients.
Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights.
👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo
#fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech
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