Circular Letter

Circular Letter N° 257
Circular Letter Annex Date Reference Status Download
257 YES 10.07.2014

Settlement period in European markets changes to T+2

Effective YES

DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES

Dear Participant

Depósito Central de Valores informs participants that as of yesterday, Monday October 6, some European markets changed their settlement period from T+3 to T+2 for shares and foreign securities, thus diminishing the counterparty risk.

 

As informed by Euroclear – DCV’s custodian in Europe – it is important that participants monitor the settlement period for the instruments traded so that the International Customer Help Desk (InterMAC) is properly instructed on their settlement date and thereby avoid failed operations.

 

On this occasion we are attaching the new International Custody Service operations manual which includes this change for some European markets.

 

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Download Manual International Custody (SPANISH ONLY)

Also available is the newsletter whereby Euroclear informed the change in the settlement periods.

 

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Download Newsletter (SPANISH ONLY)

InterMAC will be able to help validate the instruments’ settlement status should any concerns arise and, in the event of any inquiries, please contact the International Customer Help Desk, InterMAC, at the email This email address is being protected from spambots. You need JavaScript enabled to view it.

 

Yours sincerely, 

DEPÓSITO CENTRAL DE VALORES S.A.,
DEPÓSITO DE VALORES