Brazil: Equities T+2 settlement cycle migration
Clearstream Banking1 informs customers that B3, the Brazilian Stock, Commodities and Futures Exchange, released an official communication outlining the implementation timeline of the project to shorten the settlement cycle of equities transactions from T+3 to T+2 (“Project T+2”).
The implementation is expected to occur on 27 May 2019.
Further information will be communicated in due course. For further specific information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.