Colombia: Implementation of T+2 settlement cycle - Postponed
On 17 July 2019, the Colombia Central Counterparty - CCP (Camara de Riesgo Central de Contraparte – CRCC) published Boletin Informativo 085 where it officially announced the postponement, along with the migration of the clearing and settlement of the equities market to settle through the local CCP (CRCC), of the T+2 settlement cycle migration from 2 September 2019 to 6 April 2020.
Background
Following announcement A19028 and A19051 of 5 April 2019, Clearstream Banking1 reminds customers that Colombian Stock Exchange, the BVC, along with the migration of the clearing and settlement of the equities market to settle through the local CCP (CRCC), its settlement cycle planned to migrate from T+3 to T+2 on 2 September 2019.
The BVC has recently confirmed they will postpone the implementation to 6 April 2020.
Impact on customers
Customers are to take into account the date change for implementation.
Further information
Further information will be communicated in due course. The official link can be found here. For further specific information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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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.