Baltic Central Securities Depositories (CSDs) introduce Baltic Market Practice Guide for Securities Settlement
16.07.2007
RIG
Settlement Practices Guide gives overview about post-trading settlement procedures and timetables for trades concluded on the Tallinn, Riga and Vilnius Stock Exchanges as well as the OTC (over-the-counter) transaction environment of the Estonian, Latvian and Lithuanian Central Securities Depositories.
In addition, Settlement Practices Guide also describes how settlement instructions on shares and debt instruments registered at the Baltic CSDs shall be formatted by market participants and provides market cut-off times in order to ensure due settlement. Market participants may require their clients to adhere to earlier cut-off times or supplementary conditions to those prescribed by Baltic Exchanges and CSDs.
Baltic market Securities Settlement Practices Guide can be downloaded from Baltic Market website: http://www.omxgroup.com/nordicexchange/balticmarket [section Exchange info > Clearing & Settlement] as well as from Baltic CSDs websites.
The Baltic Central Securities Depositories continue to further harmonize their services and market practices for clearing and settlement.
For more information, please contact:
Tex Vertmann, Communications Manager
Tallinn Stock Exchange / Estonian CSD +372 640 8862
Aris Dreimanis, Head of Corporate Communications
Riga Stock Exchange / Latvian CSD +371 721 2431
Margarita Prochorova
Lithuanian CSD +370 5263 8510