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Market practices in Portugal
Portugal
| Name of National Central Bank | Banco de Portugal |
| Collateral management helpdesk | Monetary.Policy.Operations@bportugal.pt (operational issues) Collateral.Management.Helpdesk@bportugal.pt (assets eligibility) |
| Phone number CCBM unit | +351 213 140 312 (operational issues) +351 213 130 038 (assets eligibility) |
| Fax number CCBM unit | + 351 213 144 691 |
| Foreign counterparties’ contact for credit claim related issues | +351 213 140 312 (operational issues) +351 213 130 038 (assets eligibility) |
| Publications describing local legal and operational procedures | The General Terms and Conditions of the Banco de Portugal are established in Instruction No. 3/2015 and Instruction No. 7/2012 for monetary policy operations and Instruction No. 54/2012 for TARGET2 and intraday credit, which may be found here (only in Portuguese) Additional Terms and conditions for cross border use of credit claims may be found here. |
Legal and procedural aspects
| Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) | Instructions No. 3/2015, 7/2012 and 54/2012. Banco de Portugal acting as CCB uses repo or financial pledge with transfer as mobilization technique. |
| Procedural aspects governing a pledge towards NCB and legal documentation used (if applicable) | Banco de Portugal acting as HCB uses preferably the financial pledge with transfer as mobilization technique. |
| Specific procedures governing non-marketable assets | Credit claims are accepted by Banco de Portugal via the establishment of a financial pledge with transfer in favour of Banco de Portugal in accordance with the rules and the Financial Pledge Agreement of Instructions No. 3/2015 and 54/2012. No ex-ante notification is necessary for the validity of credit claims in Portugal (e.g. article 8, n 4, of Decree-Law N 105/2004, of 8 of May 2004). |
| Technical Aspects | Interbolsa | Banco de Portugal |
|---|---|---|
| Type of eligible assets held | Marketable assets | Non-marketable assets |
| Opening hours | Interbolsa participates in T2S and follows the T2S calendar and Business Day schedule | 8.00 a.m. to 6.00 p.m. (CET) |
| Number of settlement cycles per day | Real-time settlement | n.a.; transactions can be forwarded to Banco de Portugal during opening hours |
| BIC of SSS(s) | IBLSPTPPXXX | BGALPTPLCCB |
| Account of NCB in the SSS | IBLSBGALPTPLXXXSA000000005998888859 (repo) IBLSBGALPTPLXXXSA000000005996666654 (pledge) |
n.a. |
| HCB's sub accounts in the SSS (where applicable) | n.a. | n.a. |
| Matching requirements | Yes | n.a. |
| Matching/Settlement Details | Trade date Settlement date ISIN code Amount Type of settlement (repo/pledge) Safe account number Buyer/Seller (BIC code) Receiving/Delivering agent (BIC code) |
n.a. |
| Special Operating Procedures | n.a. | n.a. |
| Homepage of SSS | www.interbolsa.pt | www.bportugal.pt |