Colombia: Equities T+2 settlement cycle migration
Clearstream Banking1 informs customers that the Colombian CCP, Cámara de Riesgo Central de Contraparte announced the decision to to shorten the settlement cycle of equities transactions from T+3 to T+2 in September 2019.
The CCP have informed us that the financial market infrastructure entities have submitted, to the Superintendence of Finance, amendments to their internal rules incorporating this change in order to get the relevant approvals.
The implementation is expected to occur in September 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.