Changes in settlement deadlines on 30 December 2014

UniCredit Bulbank AD
Summary: 
Central Depository AD (CDAD) and the Bulgarian National Bank (BNB) have announced shorter market deadlines for settlement on 30 December 2014.
Mon, 29/12/2014

Central Depository AD has announced certain changes in its daily system schedule on 30 December 2014 which will affect some of the market deadlines for settlement instructions on the above date. According to the information received from CDAD, in the last business day of 2014:

•    The second against-payment settlement batch will end at 14:35 local time
      (13:35 CET)

•    OTC transfers will be possible if received by the CSD until 14:30 local time
      (13:30 CET)

Consequently, on 30 December 2014 UniCredit Bulbank will accept settlement instructions for Equities & Bonds/OTC DFP/RFP until 13:30 local time (12:30 CET).

BNB has also announced shorter deadline on 30 December 2014 for settlement of client transactions in government debt – settlement instructions will be processed until 14:45 local time (13:45 CET). As a result, UniCredit Bulbank changes its settlement deadline for Government Debt/OTC only on 30 December 2014 to 14:00 local time (13:00 CET).

Impact on investors: Investors should be aware of the shorter settlement deadlines for Equities & Bonds/OTC DFP/RFP and Government Debt/OTC on 30 December 2014.