IT – INET Nordic – REMINDER: NASDAQ OMX Riga will change its currency on traded financial instruments from Lats into Euro (94/13)

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| Source: Listing and Trading Operations

In relation to the changeover to Euro as of January 1st, 2014 in Latvia, as of January 2nd, 2014 NASDAQ OMX Riga will change currency to Euro (EUR) on all its traded financial instruments in Lats (LVL).

 

The following data in INET Nordic trading system will be affected by this change:

  • Market segments are OMX RSE Equities (Seq-ID:67), OMX RSE Funds Automatch (Seq-ID:162) and First North Riga (Seq-ID:83)
  • The current total list of order books to change currency from LVL to EUR:

 

ID Name ID Name ID Name ID Name
24421 BAL1R 39596 LJM1R 24405 RKB1R 39620 ZOV1R
39582 BRV1R 24411 LME1R 39611 RRR1R 56524 BAMBINFRA
24402 DPK1R 39600 LOK1R 25219 SAF1R 56515 SUFLARFRA
39583 FRM1R 24433 LSC1R 39613 SCM1R 96124 BTE1R
24415 GRD1R 39602 LTT1R 39614 SMA1R    
39584 GRZ1R 39603 NKA1R 39617 TKB1R    
24426 GZE1R 24409 OLF1R 39618 TMA1R    
39585 KA11R 39607 RAR1R 39619 VEF1R    
39586 KCM1R 39608 RER1R 24422 VNF1R    
39595 LAP1R 39609 RJR1R 24408 VSS1R    

 

Change procedure and consequences

  • The last trading day in 2013 is Dec 27th, 2013. Good-Till-Cancel (GTC) orders will be deleted after closing on Friday Dec 27th, 2013. You have to consider reentering these orders again on Thursday Jan 2nd, 2014.
  • Trade Reporting Deferred Publication (TRDP): on Friday Dec 27th, 2013 won’t be allowed to submit trades to be published on next day. If such TRDP trades are found they will be deleted on Friday Dec 27th, 2013 after closing.
  • As-Of Reporting: on  Jan 2nd , 2014 won’t  be allowed to submit trades with a trade date prior to Jan 2nd, 2014

 

Time plan for all:

  • 2013-08-27  - in INET Nordic OTF (external test system)
  • 2014-01-02  - in INET Nordic Production system

 

Settlement cycle and conditions applied till December 31, 2013

  • The last trading day in 2013 is Dec 27th, 2013. December 30th, 2013 is a trading holiday, but will be a part of settlement cycle for concluded or reported trades.
  • For trades concluded or reported on the Exchange with shares, corporate bonds and fund units in lats settlement date during year 2013 cannot be later than December 30, 2013. The following default settlement period for trades concluded (automatically matched) or reported standard manual trades from December 19, 2013 will be applied:
    • for trades concluded/reported on December 19, 2013 - settlement period T+3 (settlement date December 30, 2013).
    • for trades concluded/reported on December 20, 2013 - settlement period T+2 (settlement date December 30, 2013).
    • for trades concluded/reported on December 27, 2013 - settlement period T+1 (settlement date December 30, 2013).

 

  • For trades concluded or reported on the Exchange with Latvian government securities the settlement date for trades concluded or reported during year 2013 cannot be later than December 18, 2013. The following default settlement period for trades concluded (automatically matched) or reported standard manual trades from December 13, 2013 will be applied:
    • for trades concluded/reported on December 13, 2013 - settlement period T+3 (settlement date December 18, 2013).
    • for trades concluded/reported on December 16, 2013 - settlement period T+2 (settlement date December 18, 2013).
    • for trades concluded/reported on December 17, 2013 - settlement period T+1 (settlement date December 18, 2013).
    • for trades concluded/reported on December 18, 2013 - settlement period T+0 (settlement date December 18, 2013).
  • On December 18, 2013 trading (order entry and trade reporting) with Latvian government securities will take place till 14:00 EET.

 

Ordinary Trading on NASDAQ OMX Riga will resume on January 2, 2014.

Additional information for issuers, investors, business partners and members about the upcoming changes at NASDAQ OMX Riga and the Latvian Central Depository regarding changeover to euro is available on the Questions & Answers section: http://www.nasdaqomxbaltic.com/en/news/about-changeover-to-euro/ Questions and feed-back

For further information and feedback concerning this information please contact trading desk at NASDAQ OMX Baltic:

viktoras.paulauskas@nasdaqomx.com               Phone: +370 5 219 57 07

agnija.rogule@nasdaqomx.com                         Phone: +371 67 212 431

 


Best regards,

 

NASDAQ OMX Nordic & Baltic