Banque Nationale De Belgique Sa · EURONEXT:BNB
Banque Nationale De Belgique Sa — Investor Presentation (May 2015)
7 slides from Banque Nationale De Belgique Sa's investor presentation, May 7, 2015
Slide 1: T2S High Level Principles
T2S High Level Principles 07 May 2015 Patrick Van den Eynde NBB T2S Coordinator
Slide 2: Cash side of T2S
Cash side of T2S National Central Banks as System Entity Create Parties for Payment Banks opening Dedicated Cash Accounts Create Primary Credit Memorandum Balances to store Authorised BICs allowed for settlement accounts for Central Bank Auto-Collateralisation NBB will open collateral receiving acco
Slide 3: 2 auto-collateralisation receiving accounts for NBB
2 auto-collateralisation receiving accounts for NBB NBB will open 2 receiving accounts One in NBB-SSS One in Euroclear France Reasoning: NBB receiving account in NBB-SSS can receive collateral from securities accounts in NBB-SSS (as NBB-SSS has no investor CSD links) NBB receiving account in EF can
Slide 4: DCA numbering
DCA numbering The following numbering convention for DCA accounts has been developed by the Eurosystem and TARGET2 user groups: Name Format Content Purpose Account type 1 char. exactly ‘C’ for cash account Helps differentiating between cash and securities accounts. Country code of the 2 char. exactl
Slide 5: Settlement day
Settlement day Indicative Actual Time T2S Period Time T2 Period 6:45 p.m. 6:45 p.m. Start of Day* Start of Day 7:00 p.m. 8:00 p.m. Night-time Settlement* Night-time 10:00 p.m. Settlement Maintenance Window Real-time Settlement 1:00 a.m. 3:00 a.m. Maintenance Night-time Window 5:00 a.m. Settlement 6:
Slide 6: Settlement day
Settlement day Time T2S Settlement day events/processes TARGET2 aspects (CET) 16:00 DVP cut-off DCA holders are recommended to pay back auto-collateralisation earlier or to 16:00 Cash restriction cut-off provide sufficient liquidity on DCA for Release of unused cash restriction 16:30 reimbursement;
Slide 7: Status of the T2S project
Status of the T2S project 7/7 T2S High Level Principles
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