On 24 and 31 December 2021 the Central Securities Depository will not process settlements in RON for the trades concluded by the participants of the CSD, except the ones related to the corporate events. The last settlement day in RON in 2021 will be 30 December. The operation will resume on 3 January 2022.
Furthermore on 24 and 31 December, settlement of FoP transactions and cross-border trades will be processed in T2S for financial instruments denominated in EUR,.
30 December is the last working day in 2021 and it will be a standard business day at AO UniCredit Bank with working hours from 9:00 a.m. to 5:45 p.m. (Moscow time). Due to the end-of-year procedures, the securities settlement deadlines of AO UniCredit Bank on 30 December will be set as follows:
- OTC FOP instructions – 17:30 (Moscow time)
- OTC DVP/RVP instructions – 17:30 (Moscow time)
- Funding deadline for RVP transactions - 14:00 (Moscow time). In case cash account balance is insufficient by this time for execution of an RVP instruction, the transaction will not be settled on December 30. Instructions not settled on December 30 will be processed on the next working day – January 10, 2022 (value date – 10/01/2022).
With reference to the end-of-year cash processing schedule (distributed earlier to the clients), execution of RUB payment instructions on December 30 will be based on the actual balances on clients’ accounts with AO UniCredit Bank. Any Intraday overdraft facilities will be waived. Clients are requested to ensure positive account balance as at the end of 29 December. If the account is overdrawn at the end of 29 December and sufficient cover is not received within 30 December, the overdraft loan will be provided for the entire holiday period, till January 10, 2022.
31 December is a non-working day in Russia – all banks, the CSD and stock exchange will be closed.
31 December 2021will be a working day, however for Bratislava Stock Exchange this will be a non-trading day. Trading will resume on 3 January 2022.
On 31 December 2021 the CSD, local banks and the payment system will be opened.