Slovenia: One-time extension of OTC RVP/DVP Settlement and Cash Transfer Deadlines

UniCredit Bank Slovenija d.d.
Summary: 
Due to an expected increase in settlement activity, KDD will extend the deadline for settlement against payment of OTC transactions and for cash transfers at UniCredit Bank Slovenia with the Slovenian government bond on 7 September 2016.
Tue, 06/09/2016

The Slovenian Government issued a government bond on 31 August 2016 with a face value of EUR 1.0 billion. The ISIN code of the bond is SI0002103487 (20-year maturity). The settlement of this new issue will take place on 7 September 2016.

Because of this expected increase in settlement activity, KDD will prolong the deadline for settlement against payment of OTC transactions with the newly issued bond (as identified above) from 16:00 CET to 16:30, applicable ONLY to the settlement date 7 September 2016.

Consequently, UniCredit Bank Slovenia will also prolong its deadline for settlement of transactions with the above bonds until 16:00 CET (30 minutes prior to the market deadline) only on that day. All instructions received after this deadline will be settled on a best-effort basis.

Furthermore, UniCredit Bank Slovenia will also extend its cut-off time for customers for bank-to-bank cash payments (SWIFT MT200 and MT202) until 17:00 CET only on 7 September 2016.

We encourage you to contact our relationship and operational teams to discuss this further so that you receive timely and efficient support with regards to your activities.