A securities account, in Swedish VP-konto, is an account with the central securities depository Euroclear Sweden. An owner's securities in CSD-registered companies are registered there electronically. The name comes from VPC, Euroclear's former name. This has replaced physical share certificates.
VP accounts are only used for CSD-registered companies. In non-CSD companies, most Swedish limited companies, ownership is shown in the company's own share ledger. For these shares, an equity account can give the owner an overview.

A CSD-registered company is a limited company whose share ledger is kept by a central securities depository.
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A central securities depository (CSD) keeps the records of securities and owners in CSD-registered companies.
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A non-CSD company (kupongbolag) is a limited company not registered with a CSD, like most Swedish companies.
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An equity account brings an investor's holdings in unlisted companies into a single overview.
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