Creation Link Guide - Portugal
|Settlement in T2S||Yes|
|Settlement free of payment||Yes|
|Settlement against payment||Yes||Eligible settlement currency: Euro (EUR).|
|Settlement penalty fees||No|
|Pre-matching||Yes||Hold and release service|
|Multi Market Securities||Yes|
|Lending and borrowing||Yes||Debt securities only.|
|Investment Funds||No||CSD-eligible investment funds only.|
|Liquidity Hub Connect||No|
|Sale and purchase of rights||Yes|
According to Portuguese Decree Law 193/2005 and in order to allow the holding of Portuguese debt securities, customers must provide a Portuguese Debt Securities - One-time Declaration of Beneficial Ownership certifying that the final beneficial owners do not fall into the market-specific categories that are not entitled to exemption from Portuguese withholding tax.
Note: Law 83/2013, which removed the restrictions on holdings by or on behalf of non-exempt beneficial owners at the ICSDs, remains applicable only to securities still falling under the previous wording of Decree Law 193/2005.
|Type of link||CSD or settlement method|
|Indirect link through BNP Paribas Securities Services||CVM: Central de Valores Mobiliários/T2S|