Settlement process - Armenia
Settlement cycles
Bonds
On exchange: T+0
OTC: T+n
Equities
On exchange: T+0
OTC: T+n
Registration
The securities are registered in the name of Clearstream's foreign nominee account at the Central Depository of Armenia.
Physical securities
Securities are fully dematerialised.
Stamp duty
No stamp duty applies to the Armenian market.
Penalties
No penalties apply to the Armenian market.
Buy-ins
Buy-ins do not apply to the Armenian market.