Changes in Settlement Deadlines on 29 December 2017

Bulgaria
UniCredit Bulbank AD
Summary: 
Central Depository AD (CDAD) and the Bulgarian National Bank (BNB) have announced changes in market deadlines for settlement on 29 December 2017.
Fri, 22/12/2017

Central Depository AD has announced certain changes in its daily system schedule on 29 December 2017. According to the information received by CDAD, in the last business day of 2017:

  • The first against-payment settlement batch will start at 10:30 local time as usual.
  • The second against-payment settlement batch will start at 13:00 local time instead at 12:30 local time.
  • The third against-payment settlement batch will start at 14:30 local time instead at 15:10 local time.

There will be no changes in UniCredit Bulbank’s cut-off times on 29 December 2017 for settlement of CDAD eligible securities.

BNB has also announced a shorter deadline on 29 December 2017 for settlement of transactions in government securities. BNB will accept settlement instructions until 14:45 local time instead of 16:45 local time. UniCredit Bulbank changes its settlement deadline for government securities on 29 December 2017 to 14:00 local time instead of 16:00 local time.

Local time is CET+1 h.

Impact on investors: Investors should be aware of the shorter settlement deadlines for government securities on 29 December 2017.

 

Your contact
Kristina Spasova, Relationship Manager
Tel. +359 2923 2542, Fax +359 2923 2501
kristina.spasova@unicreditgroup.bg