The Slovenian Government issued, on 26 October 2016, a government bond with a face value of EUR 1 billion. The ISIN code of the bond is SI0002103677 (24-year maturity) and the settlement of the new issue will take place on 3 November 2016.
As a result of the expected increase in settlement activity, KDD will prolong the deadline for settlement against payment of OTC transactions with the newly issued bond (as identified above) from 16:00 CET to 16:45, applicable ONLY to the settlement date 3 November 2016.
Consequently, UniCredit Bank Slovenia will also prolong its deadline towards clients for settlement of transactions with the above bonds until 16:15 CET (30 minutes prior to the market deadline) on that day only. All instructions received after this deadline will be settled on a best-effort basis.
Furthermore, UniCredit Bank Slovenia will also extend its cut-off time for bank-to-bank cash payments (SWIFT MT200 and MT202) until 17:00 CET on 3 November 2016 only.
We encourage you to contact our relationship and operational teams to discuss this further so that we can make sure that you receive timely and efficient support with regards to your activities.
Impact on investors: The increased deadline for settlement of the new issue of government bond will contribute to reducing the number of settlement failures and therefore – operational risk. The extended cash cut-off times will accommodate the possibility for later settlement of securities transactions with the newly issued government securities and will allow an efficient management of our clients' cash balances in line with their liquidity policies.