Derivatives and debt ledgers

A digital solution for options, bonds and other derivatives

With NVR’s derivative book service, you can easily administer employee stock options, warrants, bonds, subscription rights, convertibles and warrants. At the touch of a button, you then make them visible as a digital asset in the owners’ depots.
The derivative book service is in all respects a global service. It works just as well for listed limited companies with unlisted employee stock options, as for international companies or unlisted companies with international option holders. This also means that financial and legal advisers, such as stockbrokers, law firms or corporate finance firms, now have the opportunity to provide a full service to their clients, in addition to advanced calculations and option agreements. With digital employee stock options, it is now possible to ensure that the purpose of an incentive program is fulfilled. As a bonus, the option programs will also be cheaper for clients to administer.

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How can this service facilitate your business?

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Transparency

The information does not stay in an Excel file with the CFO

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Immediate

All changes take place in real time with full traceability

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Inclusive

The holdings are digital and visible in the owner depots

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Secure

Bankid login and encrypted cloud servers

Derivatives and debt ledgers

Equity management made simple

Warrants

NVR’s service for managing warrant programs is simple and has a high degree of automation, not least if the company’s share register is with NVR. All holdings in various option programs can be made visible on personal custodian accounts at VPZ.se. As an option owner, you can easily log in to your personal depository with Bank ID to track your holdings.

In short: This is how a company issues warrants

A company may decide at a general meeting to issue warrants as a way to increase its share capital. The issuing company then has an obligation to issue new shares at a predetermined price within a predetermined period.

At the same time, a warrant gives the option holder a right, but not an obligation, to subscribe for newly issued shares at a predetermined price within the predetermined period.

The issuing company also has an obligation to keep an option book during the term of the warrants. The warrants must be numbered, dated and contain the option holder’s person / corporate identity number, name, address and any other contact information. It must be possible to follow the ownership changes that take place during the term.

NVR makes it easy to issue warrants

With our service, we make it easy for you to do the right thing, while saving lots of time. With NVR’s Fundracer, you can also streamline the subscription process and control down to the individual level who or who should be able to take advantage of an offer to acquire warrants in your company.

Employee options

Employee stock options have become important tools for many young limited companies. Simplified legislation together with NVR’s service for managing employee stock option programs makes the process simple and cost-effective. In addition, all recipients of options receive their own depository at VPZ.se where the holdings appear and where the person in question can receive notifications from the company regarding changes in terms and conditions. As an option owner, you can easily log in to your personal depository with Bank ID.

Managing and administering employee stock option programs has previously been a time-consuming task for many companies. In addition, the very purpose of being a forward-looking incentive for key people has been hampered by the fact that all documentation about the options has remained in an Excel file with the management.

”It is almost pointless to launch an incentive program if the options then only exist in an Excel file with the CFO. It probably does not take more than a few days before the option holder has forgotten his options. The whole premise of being an incentive fails IF you do not make them digital and visible.”

Digitizing investments in future “unicorns” long before they are listed, as well as creating an overview for unlisted holdings of options and other derivatives, is therefore the solution. At the touch of a button, you make the employee stock options visible as a digital asset in the owners’ depots.

NVR makes it easy to issue employee stock options

With NVR’s Fundracer, you can also streamline the subscription process. There you can easily control exactly which people should be able to take advantage of an offer of employee stock options. When they log in to VPZ, the offer will be displayed to affected people in their DealFlow.

Convertibles

With NVR’s service for administering convertibles, you can easily create a convertible book. The convertibles then appear in personal deposit accounts at VPZ.se. As a convertible owner, you can easily log in to your personal depot with Bank ID.

In short: This is how a company has issued convertibles

Following a resolution at a general meeting, a limited liability company may issue convertibles as a way of financing operations or offering new groups, such as management or employees, to become shareholders in a manner that is perceived as favorable to all parties. Convertibles can thus be an alternative to employee stock option programs.

A convertible is a debt bond that has been issued by a limited liability company against payment and which gives the holder a right (or obligation) to exchange all or part of his claim for shares in the company (ie conversion) at a predetermined price after a predetermined time.

It is common for a convertible to have a slightly lower interest rate than the corresponding loan without a convertible, as the holder is compensated with the chance that the share rises to a value above the predetermined conversion price. The risk is also considered to be somewhat lower than when buying newly issued shares, as the holder of the convertible, given that the company does not go bankrupt, usually gets back the nominal amount if it would not be profitable to convert.

The issuing company also has an obligation to keep a convertible book during the term of the convertibles. The convertibles must be numbered, dated and contain the holder’s personal identity number, name, address and any other contact information. It must be possible to follow the ownership changes that take place during the term.

NVR makes it easy to issue convertibles

With our service, we make it easy for you to do the right thing, while saving lots of time. With NVR’s Fundracer, you can also streamline the subscription process. There you can easily control exactly which people should be able to take advantage of an offer for convertibles. When they log in to VPZ, the offer will be displayed to affected people in their DealFlow.

Bonds

With NVR’s service for administering bonds, you can easily create a bond book. The bonds then appear in personal custodian accounts at VPZ.se. As a bondholder, you can easily log in to your personal depository with Bank ID.

In short: This is how a company issues bonds

A bond is an interest-bearing, simple promissory note such as a limited liability company can issue and sell to increase its liquidity. In other words, a loan that the company takes from one or more lenders with a predetermined term.

If the bond includes coupons, the issuing company must pay interest to the bondholder at certain times – once a year, semi-annually, quarterly or monthly.

A so-called zero-coupon bond is a bond that does not run with a nominal interest payment during the term. Instead, the interest rate is determined indirectly by the amount that the lender is prepared to lend at the time of issue. Slightly simplified, it can be said that the interest is paid only once when the maturity of the bond has expired.

Since the bond is a simple promissory note, it is freely transferable. Upon transfer, someone else takes over the claim on the company. Therefore, it is important for the company to keep a bond book during the term of the bonds. The bonds must be numbered, dated and contain the holder’s person / corporate identity number, name, address and any other contact information. It must be possible to follow the ownership changes that take place during the term.

NVR makes it easy to issue bonds

With our service, we make it easy for you to do the right thing, while saving lots of time. As with all our other digital derivatives, holders can easily see their bonds in our free depository service. With NVR’s Fundracer, you can also streamline the subscription process. There you can easily control exactly which people should be able to take part in an offer of bonds. When they log in to VPZ, the offer will be displayed to affected investors in their DealFlow.

Subscription rights, warrants and other derivatives

As an issuer, there are many different types of transferable derivatives that a company can issue, such as warrants or subscription rights. Common to all these derivatives is that the issuer (the company) has an obligation to keep a book of who holds the derivatives during the term. The derivatives must be numbered, dated and contain the holder’s person / corporate identity number, name, address and any other contact information. It must also be possible to follow the ownership changes that take place during the term.

We make it easy for you to do the right thing, while saving lots of time. As with all our digital derivatives, holders can easily see their derivatives in our free depository service.

With a digital share ledger, you get everything in one place