T+2 successfully launched in Austria

//T+2 successfully launched in Austria

Since 6 October, securities that are traded on the Vienna Stock Exchange are settled within 2 days of the trade date (T+2) instead of 3 days. The process of exchanging securities against payment on the securities and cash accounts therefore takes place earlier. This leads to reduced risk and also means that the banks involved and their customers have their positions at their disposal earlier. Securities transactions on the Vienna Stock Exchange are cleared via the Central Counterparty Austria (CCP.A) and settled via Oesterreichische Kontrollbank AG (OeKB).

 

The shortened settlement period was launched in line with numerous other European markets, stock exchanges and MTFs, thus leading to increased harmonization of cross-border settlement of securities transactions on the basis of the CSD regulation (CSDR).

 

By | 2015-10-18T17:51:08+00:00 October 10th, 2014|Uncategorized|0 Comments

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