Creation Link Guide - Latvia

18.09.2017

Key features

Yes/No

Remarks

Settlement in T2S

Yes

Settlement free of payment

Yes

 

Settlement against payment

Yes

Eligible settlement currency: Euro (EUR).

Settlement penalty fees

Yes

In cases of delay of settlement date (SD), a service fee is applied at NASDAQ OMX Baltic Exchange. The service fee for the postponement of the SD due to the default of the transaction consists of a fixed proceeding fee (EUR 70) and an added percentage (0.1%) of the transaction value for each trading (business) day with a maximum up to EUR 500. The proceeding fee is a one-off fee but the added percentage is applicable for each trading day by which the actual SD of the transaction differs from the initial SD (= Value Date) of the transaction. Any related service fees applied on any customer late transactions will be debited to the impacted customer as Out of Pocket fees.

Partial settlement

No

 

Bridge settlement

No

 

Hold and Release

Yes

Allegements

Yes

 

Transaction Linking

Yes

Bilateral Cancellation

Yes

Registered securities

No

There is no register in Latvia. The proof of title of ownerships is an entry in the securities account that the owner has opened with a custodian; except for nominee accounts in such case the ownership is registered by the nominee account holder.                                                       

Securities and ownerships transfer is an integrated process, that could not be separated. Transfer entry means that the ownerships is passed to the buyer.

Transaction Management

Yes

 

Multi Market Securities

No

 

Lending and borrowing

Yes

Debt securities only

Proxy voting

Yes

 

Investment Funds

No

Liquidity Hub Connect

No

 

Sale and purchase of rights

Yes

Repo services

Yes

 

Market restrictions

Yes

FTT

No

 

FATCA GIIN

Yes

SEB banka: 6BRL9A.00041.ME.428

Miscellaneous

No

 

 

Type of linkCSD or settlement method
Indirect link via AS SEB Pank, TallinnNASDAQ CSD