Custody/clearing  
MILLENNIUM BCP    
 
 
PORTUGAL - Capital Market Infrastructure Summary

Central Securities Depositories
Interbolsa

Central Counterparties
LCH. Clearnet SA
OMIClear

BIS Model
Model 2

Settlement Cycle
T+2

T2S
Interbolsa is set to migrate to T2S in the second wave, scheduled for 28 March 2016.

Comment
Interbolsa acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Commercial paper, Investment funds, Rights and warrants.

Key terms defined in our glossary:

Central Securities Depository
Central Counterparty
BIS Model 2
Settlement Cycle
TARGET2-Securities (T2S)

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.