Selvitystoimija

Selvitystoimija is a Finnish term used to describe an actor involved in the process of selvitys, with its most common use in financial markets. In the primary sense, a selvitystoimija is a party that participates in clearing and settlement of trades, helping to ensure that transactions are finalized between counterparties. Typical examples are central counterparties (CCPs), clearing members, and other post-trade service providers. Their core duties include trade matching, novation, margin management, settlement of securities and cash, and ongoing risk monitoring.

Beyond finance, the term can also refer to entities that perform investigations, due diligence, or reporting tasks in regulatory, corporate, or compliance contexts. In these cases, a selvitystoimija conducts analysis, compiles reports, and presents findings to support decision-making, disclosures, or regulatory compliance. The exact scope depends on the sector and the applicable legal framework.

In Finnish practice, selvitystoimija is a descriptive term used alongside related concepts such as selvitysyhtiö or selvittäjä. The precise responsibilities and definitions are shaped by market rules and legislation governing the relevant activity, whether it concerns post-trade infrastructure and clearing or investigative/due-diligence work. When encountering the term, it is important to interpret it in light of the surrounding context to determine whether it refers to a clearing and settlement function or to an investigative/analytic role.