Settlement holidays in the Baltic markets
Estonian, Latvian and Lithuanian Central Securities Depositories’ (Baltic CSDs) will be migrated to pan-European TARGET2-Securities platform (T2S) and will implement a single securities settlement and registry system during September 14-18, 2017.
According to Baltic CSDs settlement of trades will not take place on:
- Friday, September 15, 2017
- Monday, September 18, 2017.
Considering that Friday (September 15) and Monday (September 18) will be non-settlement days for Stock Exchange transactions, therefore the automatically matched executed trades on the Stock Exchange trading system (with the settlement cycle T+2) will be settled as follows:
- For trades with trade date September 13, 2017, the settlement date will be September 19, 2017;
- For trades with trade date September 14, 15 and 18, 2017, the settlement date will be September 20, 2017.
