UniCredit Bank Austria is the clear number one securities services provider, featuring a market share in international clientele of about 70%. The Bank is also the biggest clearing agent for remote members of the Vienna Stock Exchange (VSE) and represents an overwhelming market share of approx. 40% in Austria-related clean (commercial) payments.
Of all players, UniCredit Bank Austria has the longest track record, dating back to 1855. This tradition translates into a strong influence: UniCredit Bank Austria represents the Austrian Banking Federation in Target2 Securities, EuroFI and other EU-related matters
Thomas Rosmanitz
Head of Relationship Management Austria
+43 50505 58515
thomas.rosmanitz@unicreditgroup.at
Stephan Hans
Relationship Manager
+43 50505 58513
stephan.hans@unicreditgroup.at
Tina Fischer
Relationship Manager
+43 50505 58512
tina.fischer@unicreditgroup.at
Global Securities Services
Rothschildplatz 1,
1020 Wien, Austria
On 6 August 2020 the Austrian Ministry of Finance announced a bilateral Agreement concluded between Austria and the United Kingdom. The Agreement will be valid from 4 August 2020 until 30 June 2021.
On 13 July 2020 ESMA published the results of the third EU-wide CCP stress test from 2019 on the overall resilience of CCPs to market shocks and various default events. This test evaluated the credit and liquidity risk, as well as an additional concentration risk component, in order to assess potential losses resulting from the liquidation of concentrated positions.
During the weekend of 27-28 June the Austrian CSD went live with its new settlement system. Following the decision on Saturday, the settlement instructions for positions with Settlement Date 29/06/2020 were successfully sent to T2S this morning.
The Austrian CSD, OeKB CSD GmbH, announced the technical problems with the T2S platform have been solved.
All delayed transactions have been processed in the meantime.
Impact on investors: Problems on settlements have been resolved
According to the Austrian CSD, OeKB CSD GmbH there are currently technical problems in T2S.
Due to this technical problems the settlement of the daily transactions is currently delayed.
We will inform you as soon as we have more detailed information.
Wiener Boerse AG and Deutsche Boerse AG have agreed to extend their technology partnership by five years. Trading on the Vienna Stock Exchange and its partner exchanges in Budapest, Ljubljana, Prague and Zagreb will continue to run via the established T7 system in the coming years. Innovations in the trading system, which is also used on Xetra and the Eurex derivatives exchange, will be available to the Vienna Stock Exchange and its partners as well.
OeKB CSD GmbH, the Austrian CSD, has published their new General Terms and Conditions which will apply as of 13 July 2020.
As part of the changes, OeKB CSD introduces a new default cancellation management:
Unmatched transactions will be cancelled on an automated basis at the end of the twentieth T2S Opening Day after having been validly received into T2S.
The Austrian Financial Market Authority (FMA) announced today that it will relax the restrictions imposed in a Regulation on short selling in certain financial instruments listed on the Vienna Stock Exchange (Wiener Börse), the temporary restriction expires today, 18 May 2020 at 24:00 and will not be extended.
This decision was made in consultation with the European Securities and Markets Authority (ESMA) and in harmony with five other EU Member States.
As already announced previously the Central Counterparty Austria (CCP.A) considered a postponement of the go-live of the new clearing system. In coordination with all stakeholders and in consideration of various external dependencies, the remaining tasks of the project plan have been revised by CC&G and CCP.A.
Today the CCP.A confirmed that the implementation of the new clearing system will be postponed by five weeks, resulting in a rescheduled Go-Live date on Monday, 29 June 2020
