Settlement

Bond transactions settle (payment in full) on a T+1 basis (i.e. one business day 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.
  • Icelandic Nominal Treasury bonds, Inflation-linked Treasury bonds and Treasury bills are issued by the GDM and registered with the Icelandic Securities Depository (ISD).
  • HFF bonds are issued at Euroclear and can be settled directly in Euroclear.

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.
 
 
Islandsbanki
Steinar Geir Agnarsson
Tel: (+354) 440-4119
Guðmundur Steinn Sigurðsson 
Tel: (+354) 440-4148
 
Arion Bank
Björn Árnason
(+354) 528 2826
 
Þóra Björk Smith
(+354) 528 2897
 
 
Custody Services
Arna Hrönn Pálsdóttir
(+354) 410 7986
Clearing and Settlement
Steinar Arason
(+354) 410 7998
 
Jónmundur G. Guðmundsson
(+354) 585 6622
Ómar Örn Hannesson
(+354) 585 6678

Related FAQ


When is the currency market in Iceland open?
The currency market in Iceland is open from 9:15 to 16:00 GMT on business days.


Yield Curve

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100 %
150 %
200 %
400 %
Non-IndexedPriceYield
RIKV 13 0618 99.426.51%
RIKV 13 071598.986.32%
RIKV 13 081598.456.30%
RIKV 13 0916 97.906.33%
RIKV 13 101597.406.36%
RIKV 13 1115 97.006.12%
RIKB 14 0314 100.623.95%
RIKB 15 0408100.854.02%
RIKB 16 1013105.084.36%
RIKB 19 0226117.165.23%
RIKB 22 1026107.216.21%
RIKB 25 0612114.306.27%
RIKB 31 012499.006.59%
IndexedPriceYield
RIKS 21 0414111.352.22%
HFF150224107.452.37%
HFF150434111.802.58%
HFF150644114.002.76%

CPI Change

Current Value410.70
12 Months Change*3.95%
3 Months Change*8.73%
Last Month Change0.20%
Daily CPI411.16

* Annualized rates

Exchange rate

ISK10001000
EUR158.2158.6
USD123.38123.69
GBP187.2187.67
JPY1.201.20
NOK21.0521.10
SEK18.4218.46
DKK21.2321.28
CHF126.82127.14
TWI215.47215.61