Bond transactions settle (payment in full) on a T+2 basis (i.e. two business days after the trade date) but deferred settlement can be arranged on request.
International settlement of Icelandic Treasury bonds on Clearstream is now available, for details see pdf files from Clearstream Banking on the left.
Investors have access to custody services offered by all major banks in Iceland. The service includes regular statement of holdings and portfolio movements, monitoring of domestic and foreign securities (i.e. dividends, bonus shares, mergers, interest payments and redemptions), etc.
Below is a list of Icelandic banks and contacts within their custody departments.