Ni na voljo v slovenščini.
Market practices in France
France
Name of National Central Bank | Banque de France |
Collateral management helpdesk | 1157-UT@banque-france.fr |
Phone number of the CCBM unit | +33 1 42 92 27 16 |
Fax number of the CCBM unit | +33 1 42 92 41 90 |
Foreign counterparties’ contact for credit claim related issues | Caroline NOWACKI WARD (+33 1 42 97 72 97) / Isabelle PIVON (+33 1 42 44 56 30) |
Publications describing local legal and operational procedures | Monetary policy operations |
Legal and procedural aspects
Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) | Banque de France as HCB (pledge) |
Procedural aspects governing a pledge towards the NCB and legal documentation used (if applicable) | Banque de France as CCB (repo /pledge) |
Specific procedures governing non-marketable assets | Cross-border use of credit claims |
Technical Aspects | Euroclear France | Banque de France |
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Type of eligible assets held | All eligible assets (except credit claims) | Non-marketable assets (credit claims) |
Opening hours | Euroclear France is a T2S CSD and respects the T2S business day schedule and calendar. | 9.00 a.m.–4.30 p.m. |
Number of settlement cycles per day | CCBM transactions are settled in the T2S real-time settlement window. | No settlement cycle; transactions can be forwarded to Banque de France during CCBM opening hours |
BIC of SSS(s) | SICVFRPPXXX | BDFEFRPPXXX |
Account of NCB in the SSS | SICVBDFEFR2T282000L10 (BDF SAC ACCOUNT -CCBM as CCB) SICVBDFEFR2T121000L10 (BDF MONETARY POLICY -SAC IN EUROCLEAR FRANCE) |
n.a. |
HCB's sub accounts in the SSS (where applicable) | n.a. | n.a. |
Matching requirements | Yes | n.a. |
Matching/Settlement details | T2S mandatory matching fields
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Special Operating Procedures | (a) ESES domestic securities with a counterparty at CBL ESES participants facing counterparties in CBL have to instruct cross-CSD settlement: ISO 15022 SELL or BUYR : BIC 11 of the CBL Customer DEAG/REAG : CEDELULLXXX PSET : DAKVDEFFXXX ISO 20022 Party1:CEDELULLXXX Party 2 : BIC 11 of the CBL Customer Delivering/receiving CSD : DAKVDEFFXXX For a list of ESES securities that have not migrated to the new format: ISO 15022 : SELL or BUYR : BIC 11 of the CBL Customer DEAG/REAG : CEDELULLXXX PSET : SICVFRPPXXX ISO 20022 : Party 1 : CEDELULLXXX Party 2 : BIC 11 of the CBL Customer Delivering/receiving CSD : SICVFRPPXXX (b) ESES domestic securities with a counterparty at Euroclear Bank DEAG/REAG : MGTCBEBEECL SELL or BUYR : BIC 11 of the Euroclear Bank Customer PSET : SICVFRPPXXX or DEAG/REAG : EGSP/000000000611 SELL or BUYR : BIC 11 of the Euroclear Bank Customer PSET : SICVFRPPXXX For the second format, the account number of EB in Euroclear France (EF) should be mentioned in a field 95R: DEAG or REAG/EGSP/Account number of EB in EF on 12 digits. EGSP stands for Euroclear Group Single Plat-form, it replaces the former SICV tag. (00000000611 for EB). |
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Homepage of SSS | www.euroclearfrance.com |