In line with the changes in market deadlines by CDAD with regards to the implementation of the new IT system, UniCredit Bulbank has updated its securities settlement deadlines for CDAD eligible securities as follows:
All deadlines are stated in CET (local time -1)
|
Settlement Cycle |
UniCredit Bulbank Deadline |
Market Deadline |
|||
|
DVP/RVP |
DFP/RFP |
DVP/RVP |
DFP/RFP |
||
|
Central Depository AD (CDAD) – the CSD for all dematerialized securities except government securities PSET: CEDPBGSF |
|||||
|
Equities & Bonds/On-exchange |
T+2 |
S-1 15:00 |
N/A |
S-1 16:00 |
N/A |
|
Equities & Bonds/OTC |
T+2 – DVP/RVP |
S-1 15:00 |
N/A |
S-1 16:00 |
N/A |
|
T+0 – DFP/RFP |
N/A |
S 15:00 |
N/A |
S 16:00 |
|
The main change is with regards to OTC DVP/RVP settlement where the deadline has been changed from S-2 16:00 to S-1 15:00 CET. OTC DFP/RFP deadline has also been amended from S 16:00 to S 15:00 to reflect the updated pre-matching requirements.
The updated deadlines are effective as of 12 May 2016.
Impact on investors: Updated securities settlement deadlines for CDAD eligible securities.