What is a book-entry account?
When you buy equities or other securities, you don’t receive any traditional printed certificates but your holdings are recorded in the book-entry account instead. In other words, you need to open a book-entry account to store these electronic holdings and to use our trading service in Netbank.
In Finland, book-entry accounts are managed by securities brokers, which facilitate all trading in securities. Nordea is one of many securities brokers in Finland, and our customers can easily open book-entry accounts in Netbank.
Once you have opened a book-entry account to store your securities, you will find more information about your holdings, such as their amount and type, in your account. When you have a book-entry account, you can also start using our trading service in Netbank.
Please keep in mind that a book-entry account is not suitable for storing money or paying bills, for example. For these, you need a regular bank account.
All of your holdings are entered in the Finnish book-entry register, which is managed by a securities depository called Euroclear Finland Oy.