Transactions settlement for shares and bonds takes place on T+2.
The following different settlement types/procedures apply:
Night-time settlement (Delivery versus Delivery - DvD)
The night-time settlement of quantities is applied, without using a settlement bank, resulting in the settlement of a significant number of instructions, facilitating the Participants in completing their obligations on the settlement day (T+2).
The settlement algorithm for DvD is netting per Participant the transactions per ISIN and calculates the total value of "allocated" sales, which constitutes the Coverage Limit. It settles matched instructions per Participant, up to the value of the Coverage Limit.
Multilateral settlement cycles (Delivery versus Payment - DvP)
The multilateral settlement calculations are performed on a netting basis per Participant, Clearing Account and ISIN and include the introduction and processing of settlement instructions covering the overall settlement procedure as follows:
- Matching of settlement instructions
- Settlement of transactions through cash and securities transfer in central bank money via TARGET-2 and in other currencies in commercial bank money through correspondent banks;
- Execution of Intermediary transactions resulting from the Stock Exchange Securities Market settlement instructions, OTC transactions from DSS and back to back/turn around transaction types.
Multilateral Settlement is effected in three distinct phases:
- Phase 1. The clearing mechanism is linked to the cash settlement bank, and the Participant's cash accounts are blocked for the amounts required by those Participants having a total long position in the clearing.
- Phase 2. The multilateral settlement procedure is carried out, the matched settlement instructions participate, the settlement algorithm generates the results of the settled instructions so that the depository is informed about the recording of the quantities in the accounts of the final investors.
- Phase 3. Upon settlement completion, the cash movements are sent to the cash settlement bank - in an aggregated manner - and are executed.
Bilateral Settlement (RTGS)
Participants may settle block trade instruction types (pre-agreed trades), which are bilaterally settled (RTGS).
PRESS RELEASES - INFORMATION
New Listings Prospectuses
Laws and Regulations
Απόφαση 5 Technical terms and procedures for the provision of the Settlement Service 20022023
13:50 20 Mar 2023
Resolution No 22 Regulation of Technical Matters for Trading on ATHEX Markets 01032023
13:59 06 Mar 2023
Resolution 8 Technical terms and procedures for the provision of the Registry, Corporate and Other Related Actions Service 20022023
11:59 03 Mar 2023
Resolution No. 21 Provision of technology services by ATHEX 06032020
13:42 31 Jan 2023
Resolution No.17 Stock Lending 31012023
13:24 31 Jan 2023
Resolution No. 24 as ammended on 22122022
09:00 31 Jan 2023
Resolution 20 Operational issues of the Users Committee 31012023
00:05 31 Jan 2023
Απόφαση 12 Technical procedures and schedule for derivatives clearing 30012023
12:32 30 Jan 2023
Resolution 16 Technical terms and procedures for the Service of Provision Information on Securities 19122022
00:05 02 Jan 2023
Resolution 14 Technical terms and procedures for the provision of Information Technology Services (IT) 19122022
00:05 02 Jan 2023
- HCMC - Hellenic Capital Market Commission
- HBA - Hellenic Bank Association
- ΣΕΠΕΥ - Σύνδεσμος Εταιρειών Παροχής Επενδυτικών Υπηρεσιών
- SMEXA - Association of Members of the Athens Exchange
- BoG - Bank of Greece
- ESMA - European Securities Markets Authority
- ECSDA - European Central Securities Depositories Association
- HFAMA - Hellenic Fund and asset Management Association
- FESE - Federation of European Stock Exchanges
- WFE - World Federation of Exchanges
|55 28 16 53|
No corporate actions for today.