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Market practices in Luxembourg
Luxembourg
Name of National Central Bank | Banque centrale du Luxembourg |
Collateral management helpdesk | bo@bcl.lu |
Phone number of the CCBM unit | + 35 24 774 – ext 44 50 / 44 53 / 44 58 |
Fax number of the CCBM unit | + 35 24 77 44 954 |
bo@bcl.lu | |
Foreign counterparties’ contact for credit claim related issues | Olivier HAWAY + 35 24 774 –ext 42 36 olivier.haway@bcl.lu Tanja WILTZIUS + 35 24 774 –ext 44 50 tanja.wiltzius@bcl.lu |
Publications describing local legal and operational procedures | Condition générales des opérations de la BCL. These documents are available on BCL's website at www.bcl.lu |
Legal and procedural aspects
Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) | BCL does not differentiate between pledges and repos from an operational point of view |
Procedural aspects governing a pledge towards the NCB and legal documentation used (if applicable) | BCL does not differentiate between pledges and repos from an operational point of view |
Specific procedures governing non-marketable assets | Terms and conditions (direct link http://www.bcl.lu/fr/operations_bancaires/conditions/index.html) |
Technical Aspects | Clearstream Banking S.A. | LuxCSD | Banque centrale du Luxembourg |
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Type of eligible assets held | Domestic bonds, eurobonds, commercial paper | All marketable assets issued in LuxCSD | Non-marketable assets |
Opening hours | 9:00 - 17:30 CET (for same day settlement) | 9:00 - 17:30 CET (for same day settlement) | 9:00 – 16:00 CET |
Number of settlement cycles per day | Real time settlement | Real time settlement | n.a. |
BIC of SSS(s) | CEDELULL | LUXCLULL | BCLXLULL |
Account of NCB in the SSS | 82801 (pledge/repo) | 48052 (pledge/repo) 48030 (pledge/repo) only for ES-securities |
n.a. |
HCB's sub accounts in the SSS (where applicable) | n.a. | n.a. | n.a. |
Matching requirements | Matching is required for all securities transactions | Matching is required for all securities transactions | Matching is required for all credit claims |
Matching/Settlement details |
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Special Operating Procedures | - | - | - |
Homepage of SSS | www.clearstream.com | www.luxcsd.com | www.bcl.lu |