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Call us at +370 5 215 6666 or contact your manager.
Call us at +370 5 215 6666 or contact your manager.
LEI (Legal Entity Identifier) is used globally to identify legal entities. It is a combination of 20 numbers and letters.
Requesting a LEI is subject to a fee (approx. USD 120 or €100) and it can take up to a couple of weeks.
See a list of all LEI providers here.
There are no authorised issuers in Lithuania at present. As such, you will need to apply via the website of an issuer stated above by setting up a user profile and submitting the required data.
LEI is short for Legal Entity Identifier and is a number that allows unique identification of investors across the EU. Everyone with a legal entity, such as a business with a CVR no., a sole proprietorship, an association or a foundation, must have an LEI from 2018 to be able to trade in securities or derivatives.
When it is possible to identify everyone trading in securities or derivatives in the EU, it is easier to monitor the market and prevent manipulation etc., and this makes the investment market more secure. If your business, association or foundation does not obtain an LEI by 3 January 2018 at the latest, it will no longer be possible for you to invest yourself or have Danske Bank invest on behalf of your business, association or foundation.
If you do not buy an LEI by 3 January 2018 at the latest, you may no longer trade in securities or derivatives.
It is easy to buy an LEI from any authorised provider, such as NordLEI at nordlei.org. An LEI costs about USD 120; EUR 100. Once you have bought the LEI, you must remember to renew it every year.
Please provide Danske Bank with your new LEI by sending it by email email@example.com.
No, you do not need to do anything. Just remember to renew your LEI every year.
Going forward, Danske Bank will continuously communicate our SI status on this webpage.
Systematic Internalisers (SIs) are investment firms that on a frequent, systematic and substantial basis execute client orders on own account, outside of trading venues.
The SI regime comes into force 3 January 2018. From this date, investment firms can choose to become an SI in a given financial instrument or group of financial instruments.
As of 1 September 2018, investment firms will be mandatorily classified as an SI in those financial instruments which they have traded frequently, systematically and substantially. The SI status will be evaluated continuously in terms of business needs and regulatory requirements.
Danske Bank as SI
Danske Bank will ‘opt in’ as Systematic Internaliser, starting 3 January 2018 under the MIC code ‘DASI’. By doing so, we will have certain obligations to provide quotes to clients and make these quotes public. We will also handle post trade publication to help clients navigate through the new transparency regimes.
We will serve customers as SI in ToTV instruments in the below asset categories:
See details in attached document.
How does Danske Bank handle pre and post trade publication?
Danske Bank will use an Approved Publication Arrangement (APA) for pre and post trade publication. For pre trade publication, we will use BATS for equity and Trax for non-equity. For post trade publication, we will use Nasdaq and Trax.
Access to Danske Bank SI quotes you can find under links bellow:
The Danske Bank Group has introduced a new policy for Socially Responsible Investments – SRI. The policy is to ensure that the Group does not invest customers’ assets in companies that violate internationally recognised standards for human rights, arms, working conditions, environment and anti-corruption.
The policy applies to the Group’s own products, where the Group manages investments on behalf of customers.
“We have decided to introduce the SRI policy to make sure that customers can feel comfortable in placing their investments with the Group,” says Niels-Ulrik Mousten, Senior Executive Vice President, Danske Capital.
The decision to introduce an SRI policy is closely coupled with the Group’s conviction that appropriate behaviour is a precondition for long-term value creation in a company. “Therefore, the SRI policy does not conflict with the Group’s objective of generating the best possible returns for our customers,” says Niels-Ulrik Mousten.
The Swedish company Ethix SRI Advisors monitors whether the portfolio companies meet the required standards.
If a company is accused of involvement in a sustained and severe violation of the guidelines, Ethix will investigate the accusations. Through the entire process Ethix seeks a dialogue with the company and other relevant parties. The dialogue entails an opportunity to hear the companies’ own description of the case and investigate whether the company is taking initiatives to stop the violation and thus prevent any reoccurrence.
Within the Danske Bank Group an SRI Board has been established. Its members are the CEO’s of Danske Capital, Danica Pension and Danske Invest together with representatives from Corporate Responsibility and the Group’s SRI function. The SRI Board receives the results of Ethix’ analyses and decides whether the securities from a given company are to be excluded or whether the dialogue with the company is to be continued.
“The dialogue is to clarify whether the company is planning to change its behaviour in respect of the case in question. Depending on the outcome of the dialogue, we decide whether we will sell or retain the investments in the company,” says Niels-Ulrik Mousten.
Read more about the SRI policy on www.danskebank.com/responsibility
All deposits and assets intended for purchasing financial instruments and held at Danske Bank A/S Latvia Branch are subject to compulsory insurance in The Guarantee Fund for Depositors and Investors (Danish Kingdom).