T2S Preparations in Bulgaria – Migration Preparation and Amended Settlement Deadlines of BNB

UniCredit Bulbank AD
Summary: 
Trading and settlement suspension to facilitate migration to T2S. BNB will update settlement deadlines for government securities.
Tue, 05/09/2023

The Bulgarian National Bank (“BNB”) has made the following announcement related to its upcoming migration to TARGET2-Securities (“T2S”) on 11 September 2023:

  • ISIN BG2040210218 will be the only government security which will be migrated to T2S.
  • To mitigate operational and reputational risk for the Eurosystem and BNB:
    • trading in ISIN BG2040210218 will be suspended by Bulgarian Stock Exchange AD (“BSE”) in the period 5 - 7 September 2023, and
    • no OTC settlement for transactions in the above ISIN will be allowed by BNB in the period 8 - 11 September 2023.
  • Amendments to the system day schedule for government securities including settlement deadlines shall enter into force as of 11 September 2023.

 UniCredit Bulbank will analyze the above deadline amendments to be introduced by BNB and share further information with its clients upon completion of the analysis.

 In addition, Bulgarian Stock Exchange AD has announced the suspension of trading for the period 5 - 8 September 2023 of the following bond instruments safekept at Central Depository AD:

ISIN

BSE Ticker

BG2100006092

8AVA

BG2100015077

4BUA

BG2100006233

BIOB

BG2100008205

BSSA

BG2100025191

6B6A

BG2100018220

BFHB

BG2100006209

VAMB

BG2100001119

GC0N

BG2100013205

EUBB

BG2100005227

EACB

BG2100006175

ZAFA

BG2100018170

0Z4A

BG2100019160

6R1A

BG2100003180

5CQB

BG2100023170

5MBA

BG2100012157

RSSA

BG2100001226

RSWB

BG2100010102

6S5B

BG2100004105

2SLA

BG2100009179

6SBA

BG2100022222

BAMB

BG2100007215

TBIA

BG2100005235

TBIB

BG2100019137

4CFB

BG2100023121

9M7C

BG2100013189

0PHA

BG2100025175

0FDD

BG2100016190

0FDE

BG2100006159

FSPA

BG2100038079

9RTD

BG2100012140

5V2C

BG2100018154

6C8A

BG2100004238

CHLB

BG2100018238

LOGB


Impact on investors: For information purposes. T2S-related trading and settlement suspension in the period 5 - 11 September 2023 to be noted.