Please be kindly reminded of the following upcoming schedule in Bulgaria for May 2016:
Monday, 23 May 2016 - is an official holiday by decision of the Government
Tuesday, 24 May 2016 - Cyrillic Alphabet and Slavic Culture Day is an official holiday
Saturday, 14 May 2016 - is a business day by decision of the Government to compensate for 23 May 2016
The standard T+2 securities settlement cycle in Bulgaria will be affected as follows;
|
February 2016 |
||||||
|
Mon |
Tue |
Wed |
Thu |
Fri |
Sat |
|
|
9 |
10 |
11 |
12 |
13 |
14 |
|
|
|
|
T1 | T2 |
S1 |
||
|
16 |
17 |
18 |
19 |
20 |
21 |
|
| S2 | T3 |
T4 |
|
|||
|
23 |
24 |
25 |
26 |
27 |
28 |
|
|
H |
H |
S3 |
S4 |
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ABBREVIATIONS AND ABRIDGMENTS:
• BSE – Bulgarian Stock Exchange;
• CDAD - CSD for all dematerialized securities except Government Securities;
• BNB (Bulgarian National Bank) - CSD for Government Securities;
• RINGS - the real-time gross settlement system for BGN payments.
Impact on investors: BSE, CDAD and BNB will be closed on 23 and 24 May 2016 and no trading and settlement will take place. On 14 May 2016 settlement at the BNB, CDAD and RINGS will take place as usual, but there will be no trading on the BSE