Common use of Clearing and Settlement Clause in Contracts

Clearing and Settlement. Primary dealers have the choice of using VP Securities, Euroclear or Clearstream. Terms for the Central Government's Lending Facilities for T-bills 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. Terms for the Central Government's Lending Facilities for T-bills 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.