Athens Exchange sets T+2 deadline
19 June 2014 | 1328 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.