Crossword Genius

Pick up standard residence in capital city (9)

Ross

I believe the answer is:

stockholm

I'm a little stuck... Click here to teach me more about this clue!

'city' is the definition.
(Stockholm is an example)

'pick up standard residence in capital' is the wordplay.
I cannot really see how this works, but
'standard' could be 'stock' (synonyms) and 'stock' is found within the answer.
The remaining letters 'holm' is a valid word which might be clued in a way I don't understand.
This explanation may well be incorrect...

Can you help me to learn more?

(Other definitions for stockholm that I've seen before include "Sweden's capital city" , "Capital of Sweden" , "Scandinavian capital" , "Swedish city" .)

I've seen this clue in The Irish Times.
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