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Athens Exchange sets T+2 deadline

19 June 2014  |  1395 views  |  0 Source: Athens Exchange

Athens Exchange (Athex) announces that from Monday 6 October 2014 the settlement cycle of the trades executed on listed securities on its regulated securities market and alternative market will be changed to T+2 (completion of settlement within two working days after the execution of a transaction).

The decision to change the settlement cycle, is in accordance with the new European Regulation related to Central Securities Depositories (Central Securities Depositories Regulation - CSDR), which among others aims to harmonise the securities settlement cycles in the European Union.

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