The European Commission comes with an initiative aiming to enhance the securities settlement discipline. In particular, it concerns regulation which is binding also for the Slovak Republic. In practice this will mean the obligation to implement the penalty mechanism from 01 February 2022, through which Centrálny depozitár cenných papierov SR (CDCP SR) will have to collect and consequently distribute cash penalties for late settlement or late matching of settlement instructions. The goal of the proposal is to achieve higher efficacy and also certainty during trading with securities for both parties – buyers and sellers. Full press release HERE.
The government bonds are credited to the owner’s accounts, the first proceeds will be paid in April next year
Securities from the first two issues of government bonds for citizens INVESTOR and PATRIOT are credited to the accounts of the owners. The registration of
