Account holder at Danmarks Nationalbank
To become an account holder at Danmarks nationalbank, it is essential to be acquainted with the Terms and Conditions for Account Holders. If you are considering opening an account at the bank, we recommend contacting kronosgroup@nationalbanken.dk to discuss terms and conditions in detail.
As a consequence of the migration to TARGET DKK, the frozen zone for Kronos2 has been activated starting from January 1, 2024. This implies that is it currently not possible to open an account in Danmarks Nationalbank. TARGET DKK refers to the collective term for TARGET Service in Danish kroner and Danmarks Nationalbank's system for managing monetary policies and the participants' collateral. The frozen zone applies both to account creation in Kronos2 and T2/T2S EUR until go-live TARGET DKK in the spring of 2025.
The Terms and Conditions for Account Holders in Danmarks Nationalbank
The detailed terms governing the provision of collateral for credit facilities are described in ‘Danmarks Nationalbank’s terms and conditions for accounts’.
Download the latest version of the Terms and Conditions for Account Holders
'Terms and Conditions for Accounts'
(pdf).
Forms from Terms and Conditions for Account Holders
An overview of relevant forms for account holders at Danmarks Nationalbank can be found below. The forms are also included in ‘the Terms and Conditions for Account Holders’, but can be downloaded individually here (pdf):
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'Request for a Current Account at Danmarks Nationalbank' (pdf)
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'Power of Attorney to a Current Account at Danmarks Nationalbank, etc.' (pdf)
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'Request for a Current Account and Access to Monetary Policy Instruments at Danmarks Nationalbank.pdf' (pdf)
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'Deed of Pledge for Credit Facilities in Danish Kroner at Danmarks Nationalbank' (pdf)
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'Change of account at VP Securities A/S for use when pledging collateral to Danmarks Nationalbank' (pdf)
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'Guidelines for Withdrawal of Assets from and Placement of Assets in a
VP Account Pledged for Credit Facilities in Danish Kroner at Danmarks
Nationalbank in connection with Contingency Procedures' (pdf) -
'Request for a Settlement Account for the Express Clearing in Danish Kroner at Danmarks Nationalbank' (pdf)
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'Request for CLS Settlement Account in Danish Kroner at Danmarks Nationalbank' (pdf)
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'Request for Access to Use SCP Currency Deposits at Danmarks Nationalbank' (pdf)
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'Request for SCP Pledged Collateral Accounts in Danish Kroner at Danmark Nationalbank' (pdf)
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'Request for a T2S-Dedicated Cash Account (DCA) in Danish Kroner at Danmarks Nationalbank' (pdf)
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'Changes to Authorised BICs for a T2S-DCA in Danish Kroner at Dan-marks Nationalbank' (pdf)
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'Changes relating to a T2S-Dedicated Cash Account (DCA) in Danish kroner at Danmarks Nationalbank' (pdf)
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'Request for DCP access to T2S' (pdf)
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'Request for TIPS DCA(s) (TIPS Dedicated Cash Account(s)) in euro at Danmarks Nationalbank' (pdf)
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'Power of attorney for decisions concerning contingency procedures in TARGET-Danmark' (pdf)
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'Request for contingency transfer to CLS, EURO1 etc.(very critical payments)' (pdf)
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'Request for transfer from MCA RTGS DCA (critical payments)' (pdf)
User administration
Danmarks Nationalbank has decided to centralise user administration in Kronos2, which means that Danmarks Nationalbank will assume responsibility for all user administration in the system. Below, participants in Kronos2 can find links to documents related to user administration.
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'TemplateInformationPROD' (excel).
The document is a template for collecting user information and bank setup in PROD. -
'Bank set-up Kronos2' (pdf).
The document describes the 4-eye principle and optional SWIFT messages. -
'Explanation appointment of security officers' (pdf).
The document is an overview of the request process for Security Officers -
'Matrix - Kronos2 user profile descriptions' (pdf).
The document describes user profiles in matrix format. -
'Request processes for Security Officers' (pdf).
The document is an overview of the authorization process for Security Officers -
'Kronos2 user profiles explained (pdf).
The document is an overview of the various user privileges a Kronos2 user will have when assigned specific user profiles.
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'Form - Authorisation to security officer to appoint users in Kronos2 and assign user profiles' (pdf)
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'Form - Registration changes to bank set-up in Kronos2 - 4-eyes principle and optional SWIFT messages' (pdf)
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'Form - Create Kronos2 user' (pdf)
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'Form - Amendment of security officer's contact details' (pdf)
Contact
For enquiries related to Kronos2 or the Terms and Conditions for Account Holders at Danmarks Nationalbank, please direct your questions to: