BNB has announced shorter deadline on 31 December 2018 for settlement of transactions in government securities. BNB will accept settlement instructions until 14:45 local time instead of 16:45 local time. UniCredit Bulbank changes its settlement deadline for government securities on 31 December 2018 to S 14:00 local time instead of S 16:00 local time.
CDAD has also announced certain changes in its daily system schedule on 31 December 2018. In the last business day of 2018 all three against-payment settlement batches at the CSD will start as usual at 10:30, 12:30 and 15:10 local time, respectively, but the funding deadline for the third batch will be shortened to 14:00 local time instead of 14:30 local time. There will be no changes in UniCredit Bulbank’s cut-off times on 31 December 2018 for settlement of CDAD eligible securities.
Local time is CET+1
Impact on investors: Investors should be aware of the shorter settlement deadlines for government securities on 31 December 2018