OREANDA-NEWS. July 16, 2007. In July 2007 Baltic Central Securities Depositories (CSDs) introduced Baltic Market Practice Guide for Securities Settlement to facilitate the common understanding of the clearing and settlement practices in Baltic countries. The Guide is a helpful tool for institutional investors, stock exchange members and to other securities market participants, reported the press-centre of Riga Stock Exchange.

Settlement Practices Guide gives overview about post-trading settlement procedures and timetables for trades concluded on the Tallinn, Riga and Vilnius Stock Exchanges as well as the OTC (over-the-counter) transaction environment of the Estonian, Latvian and Lithuanian Central Securities Depositories.

In addition, Settlement Practices Guide also describes how settlement instructions on shares and debt instruments registered at the Baltic CSDs shall be formatted by market participants and provides market cut-off times in order to ensure due settlement. Market participants may require their clients to adhere to earlier cut-off times or supplementary conditions to those prescribed by Baltic Exchanges and CSDs.

Baltic market Securities Settlement Practices Guide can be downloaded from Baltic Market website: http://www.omxgroup.com/nordicexchange/balticmarket [section Exchange info > Clearing & Settlement] as well as from Baltic CSDs websites.

The Baltic Central Securities Depositories continue to further harmonize their services and market practices for clearing and settlement.