Common use of Clearing and Settlement Clause in Contracts

Clearing and Settlement. Primary dealers have the choice of using VP Securities, Euroclear or Clearstream. Primary dealers in Danish T-bills will have the right to use the Central- Government's Securities Lending Facility for T-bills. The purpose of the securities lending facilities is to supplement and strengthen market efficiency. Considering the functioning of the repo-market, primary dealers in Danish T-bills shall make every effort to support a well-functioning market, and to prevent occurrence of in- tended market failures. Information on the terms for Central-Government's Securi- ties Lending Facilities for T-bills" is given below.

Clearing and Settlement. Primary dealers have the choice of using VP Securities, Euroclear or Clearstream. Primary dealers in Danish T-bills will have the right to use the Central- GovernmentCentral-Govern- ment's Securities Lending Facility for T-bills. The purpose of the securities lending facilities is to supplement and strengthen market efficiency. Considering the functioning func- tioning of the repo-market, primary dealers in Danish T-bills shall make every effort to support a well-functioning market, and to prevent occurrence of in- tended intended market failures. Information on the terms for Central-Government's Securi- ties Securities Lending Facilities Fa- cilities for T-bills" bills is given below.