The Serbian Central Securities Depository and Clearing House (CRHoV) published on 25 December 2015 its new Terms Schedule reflecting the shorter T+2 standard settlement cycle and the resulting new settlement cut-off times. As previously, subject to agreement between the counterparties, the settlement cycle can be shortened further for specific on-exchange trades to T+1 or to T. The settlement cycle applicable to secondary OTC trading remains negotiable and can vary from T to T+2.
Further to these these market developments, UniCredit GSS Serbia will contact its clients to announce its new settlement deadlines applicable to transactions executed after 1 January 2016.
Impact on investors: As of 1 January 2016 CRHoV will switch to T+2 settlement cycle and investors will therefore have to meet new shorter settlement deadlines.
Related Newsflashes: CRHoV to switch to T+2 Settlement Cycle as of 1 January 2016