Bulgaria: Changes in Settlement Cut-off Times at BNB in September

UniCredit Bulbank AD
Summary: 
The Bulgarian National Bank (BNB) has announced changes in market deadlines for settlement of government securities on working Saturdays in September
Thu, 08/09/2016

The Bulgarian government has declared Saturday 10 September and Saturday 17 September 2016 as normal business days in Bulgaria. This decision has been taken in order to compensate for the additional holidays that took place on 5 September and 23 September 2016.
Due to planned SWIFT maintenance, BNB has announced changes in market deadlines for settlements on 10 September and 17 September 2016. Instructions for the settlement of government securities will be accepted by BNB until 15:45 local time (14:45 CET). As a result, UniCredit Bulbank will also change its cut-off time for receiving instructions for the settlement of government securities accordingly to 15:00 local time (14:00 CET).

Impact on investors: Earlier settlement deadlines for government securities on 10 September and 17 September 2016.