Policies
Policies for clients using Nordea's investment services
In this section you find policies and other disclosures relevant for services provided by Nordea Bank Abp. Investment services in the EU are harmonized according to the MiFID (Markets in Financial Instruments Directive) regulation. The directive affects all our customers buying investment services. The directive impacts on, among other things, securities brokerage in share, fund, bond and derivatives transactions, investment advice and asset management.
How we operate
The main objective of the directive is to improve investor protection, harmonise investment services and increase competition in the financial sector within the EU. In accordance to above we are:
- Classifying all our customers who buy investment services from us
- Assess the suitability of a service for the customer
- Provide the customer with best execution when executing customer orders
Policy documents
Nordea conducts its business according to the principle that it must manage conflicts of interest fairly, both between itself and its clients and between one client and another. The Conflicts of Interest Policy explains the fundamentals of how Nordea identifies, prevents and manages conflicts of interest.
These documents provide information on how Nordea seeks to provide the best possible result for its clients when executing or transmitting client orders and transactions in financial instruments.
- Execution policy in Danish
- Execution policy in Finnish
- Execution policy in Norwegian
- Execution policy in Swedish
- Execution policy in English
- Execution policy retail summary in Danish
- Execution policy retail summary in Finnish
- Execution policy retail summary in Norwegian
- Execution policy retail summary in Swedish
- Execution policy retail summary in English
- Nordea Main Execution Venues
This document provides information on the Commercial Policy when Nordea acts as Systematic Internaliser for certain financial instruments. In addition to the regulatory requirements in MiFID II/MiFIR and implementing legislation, the Commercial Policy sets out Nordea’s standards for governing access to quotes as well as certain other particulars that are relevant for customers to be aware of.
These documents set out Nordea’s policies and procedures for customer categorisation into the categories “non-professional customer”, “professional customer” and “eligible counterparty”. Customers are classified as required under relevant legislation and the categorisation made affects the level of investor protection.
Nordea conducts its business in the wholesale foreign exchange market according to the principles of the FX Global Code. The disclosures set out the standard business practices of dealing in wholesale FX markets and establish the basis on which we can provide our clients with pricing and execution of their trade requests.
The following disclosures set out the swap dealer requirements for Nordea Bank Abp (“Nordea”) to provide certain disclosures with certain counterparties.
Nordea is registered with the U.S. Commodity Futures Trading Commission ("CFTC") as a non-U.S. swap dealer pursuant to the Commodity Exchange Act ("CEA"). As a registered swap dealer, Nordea is required to make certain material disclosures prior to entering into a swap transaction with certain counterparties, as regulated by the CFTC.
Terms & Conditions
These documents provide the terms and conditions for the trading services offered by Nordea through Nordea Markets and other parts of Large Corporates & Institutions when trading in financial instruments.
- Terms and conditions Norwegian Market in English
- Nordea Terms and Conditions Derivatives for International market in English
- Terms and conditions for International Market in English
- Terms and conditions - Fixed Income in Swedish
- Terms and conditions for Danish Market in English
- Terms and conditions for Finnish Market in English
- Terms and conditions for Swedish Market in English
These documents set out the terms and conditions as well as information on Nordea’s provision of investment services under MiFID II and related services offered by Nordea Markets and other parts of Large Corporates & Institutions.
These documents set out the settlement instructions at transaction level for foreign exchange and derivates payments / money market payments.
Reports
These documents provide information on the top five venues in terms of trading volumes for all executed client orders and a summary of conclusions drawn from the analysis and monitoring of Nordea’s execution quality.
- Analysis of quality of execution (RTS 29 Art 3.3) 2021
- Analysis of quality of execution (RTS 29 Art 3.3) 2020
- Top five brokers (DA 2389 Art 65) 2021
- Top five brokers (DA 2398 Art 65) 2020
- Top five venues (RTS 28) 2022
- Top five venues (RTS 28) 2021
- Top five venues (RTS 28) 2020
- Quality of Execution Q1 2020 RTS 27
- Quality of Execution Q2 2020 RTS 27
- Quality of Execution Q3 2020 RTS 27
- Quality of Execution Q4 2020 RTS 27