OREANDA-NEWS. February 04, 2015. The Bank of Finland rules for counterparties and customers are updated in connection with Euroclear Finland Ltd.’s launching of a new clearing and settlement system, Infinity, which replaces the previously-used RM system.

Following the above system conversion, it will no longer be possible to use ‘collateral management accounts’ for the purpose of safe-keeping domestic marketable collateral assets; but rather, in the future, such assets will be managed via book-entry accounts opened in the Bank of Finland’s book-entry register. The Bank of Finland rules on collateral management will be updated as required.

In this context, deeds of pledge concerning domestic marketable collateral assets also require revision.