CFCL Market guide – Portugal

Clearstream Fund Centre (“CFCL”) Market Guides provide key information, in particular in the area of settlement and asset servicing, on each market where CFCL offers a service. In addition, relevant website addresses are indicated, where more detailed information is provided according to specific needs.

Portugal market guide is split into 5 sections:

General information;
Market infrastructure;
Regulation;
Settlement process and services;
Asset servicing.

Further information can be found in the CFCL Client Handbook and in the Portugal Tax guide.

Characteristics of the market

• For investment fund securities, Portugal is a Domestic market with a CSD Link;
• Exchange-Traded Funds (ETFs) are not permitted and cannot be traded within the Portugal market.
• Portugal have adopted the T2S platform for its settlement processes, this initiative helps align Portugal with the broader European effort to harmonize and streamline securities settlement procedures.