The settlement of exchange-traded instruments has changed smoothly to T+2 since last week
The Reform of Clearing and Settlement in Spain concluded successfully this week with the reduction in the equities settlement cycle from three to two days following the trade date (T+2), a cycle that previously applied only to Fixed Income instruments.
The reform of the Spanish stock market began on April 27th. One of the main elements worth mentioning is the creation of a Central Counterparty (CCP), BME Clearing.
The reform now completed will allow the inclusion of Iberclear in the T2S platform of the ECB, whose main aim is to facilitate the settlement of trades of participants in different European CSDs through a single platform.
The Market Status informs through quick and easy-to-read notices on incidents affecting the Equity, Derivatives and Fixed Income markets as well as Indices and financial systems operated by BME.
If an issue occurs, the message "TRADING" will change to "MARKET ISSUE" to reflect that a market event has occurred. By clicking on the Issue of the published alert it will be possible to access the information and intraday updates associated with this incident, which will be published immediately.
Note: BME will use its discretion to assign the severity of an incident