|Trading in futures and options is cleared and settled by the FUTOP Clearing Centre.|
FUTOP settlement is net settlement of trades in futures and options in Danish kroner. FUTOP settlement in handled by the FUTOP Clearing Centre, which is owned by Copenhagen Stock Exchange. Danmarks Nationalbank handles accounts in connection with the administration of margin requirements for trades. Net positions are calculated once a day, after which amounts are exchanged via the participants' accounts with Danmarks Nationalbank.