NASDAQ OMX - Copenhagen
Tel: 1 212 401 8700
Chief Executive Officer : Mr. Robert Greifeld
Vice Chairman : Mr. Sandy Frucher
|Types of Securities Traded||Name of Trading Systems (cash and derivatives)||Trading Hours|
|Bonds||SAXESS (electronic continuous trading with open call)||8:30 - 17:00
|Equity Futures and Options||CLICK
|Interest Rate Futures and Options|
9.00-16.50 Continuous trading,
Danish Financial Supervisory Authority and Danish Securities Council
Name of Clearing & Settlement Organization
Vaerdipapircentralen"the Danish Securities entre"
T + 3 days for treasury bills.
Same day settlement fo futures and options.
Name of Central Securities Depository
Commissions on Transactions levied by Exchange
(abolished 1st October 1999)
Taxes on Dividends, Interests
Dividends on shares are in general subject to a 30 % withholding tax on account.
Dividends received by residents are taxed at rates between 30 and 40 %.
Capital gains on sales of shares held by individuals for less than 3 years are, for residents, taxable as
capital income, with an income tax rate of between 50 and 56 %.
If the shares have been held for 3 years or more, a capital gain is treated as dividend income, i.e. taxed
at a rate between 30 and 40 %.
2007 Share ownership thresholds (%)
Short selling (Yes / No)
Short selling conditions (if any)