Citi to Launch Direct Custody & Clearing Services in Norway

[kreslik.news]

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.

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Citi will access VPS through its Dublin Head Office, using ... (read more)