Settlement System: technical and procedural details
Trading days | The trading days of the DSS according to the trading calendar of ATHEXCSD |
DSS opening hours | 09:00 - 20:00 (local time) 08:00 - 19:00 (Central European Time - CET) |
Α. Bilateral settlement of OTC transactions involving domestic securities
Α. Bilateral settlement of OTC transactions involving domestic securities | |
Entry of instructions by Participants | 09:00 - 20:00 08:00 - 19:00 (CET) |
Entry of instructions for cash with same-day settlement date (SD) up to: | SD 17:10 (local time) SD 16:10 (CET) |
Entry of instructions without cash movement with same-day settlement date (SD) up to: | SD 18:14 (local time) SD 17:14 (CET) |
Maximum time gap between Entry Date (ED) and Trade Date (TD) | 2 business days (ED - TD <=2) |
Maximum time gap between Settlement Date (SD) and Entry Date (ED) | 60 business days (SD - ED <=60) |
Maximum time gap between Settlement Date (SD) and Trade Date (TD) | 2 business days (SD - TD <= 2) |
Instruction matching | |
Settlement instruction Matching Cycles are running either by inserting a new settlement instruction, or by modifying a matching field of an already inserted instruction | 09:00 - 19:30 (local time) 08:00 - 18:30 (CET) |
Matching tolerance amount | 2 EUR, for settlement amount up to 100.000 EUR, 25 EUR, for settlement amount over 100.000,01 EUR |
Settlement | |
Settlement Cycles for cash | 09:30 - 17:25 (local time) 08:30 - 16:25 (CET) Settlement Cycles executed at 1-hour intervals. ATHEXCSD may also run ad hoc cycles. |
Settlement Cycles without cash | 09:30 - 18:25 (local time) 08:30 - 17:25 (CET) |
Maximum number of recycling days for unsettled instructions | 20 business days for unmatched instructions, |
Β. Bilateral settlement of OTC transactions in the framework of links
Entry of Settlement Instructions | |
Entry of instructions by Participants | 09:00 - 20:00 08:00 - 19:00 (CET) |
Entry of instructions for cash with same-day settlement date (SD) up to: | SD 13:00 (local time) SD 12:00 (CET) |
Entry of instructions without cash movement with same-day settlement date (SD) up to: | SD 16:00 (local time) SD 15:00 (CET) |
Maximum time gap between Entry Date (ED) and Trade Date (TD) | 2 business days (ED - TD <=2) |
Maximum time gap between Settlement Date (SD) and Entry Date (ED) | 2 business days (SD - ED <=2) |
Maximum time gap between Settlement Date (SD) and Trade Date (TD) | 2 business days (SD - TD <= 2) |
C. Settlement on the instructions of Market Infrastructure Operators
Entry of Settlement Instructions | |
Entry of instructions for cash with same-day settlement date (SD) up to: | SD 17:20 (local time) SD 16:20 (CET) |
Entry of instructions without cash movement with same-day settlement date (SD) up to: | SD 18:10 (local time) SD 17:10 (CET) |
Maximum time gap between Entry Date (ED) and Trade Date (TD) | 2 business days (ED - TD <=2) |
Maximum time gap between Settlement Date (SD) and Entry Date (ED) | 2 business days (SD - ED <=2) |
Maximum time gap between Settlement Date (SD) and Trade Date (TD) | 2 business days (SD - TD <= 2) |
Settlement instruction Matching Cycles | |
Settlement instruction Matching Cycles are running either by inserting a new settlement instruction, or by modifying a matching field of an already inserted instruction | 09:00 - 19:30 (local time) 08:00 - 18:30 (CET) |
Matching tolerance amount | 0,00 € |
Settlement | |
Settlement Cycles for cash | 09:30 - 17:25 (local time) 08:30 - 16:25 (CET) Settlement Cycles executed at 1-hour intervals. ATHEXCSD may also run ad hoc cycles. |
Settlement Cycles without cash | 01:00 - 18:25 (local time) 00:00 - 17:25 (CET) |
Maximum number of recycling days for unsettled instructions | 0 business days |
The above are valid since 06.11.2023.