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Market practices in Slovakia

Name of National Central Bank Národná banka Slovenska (NBS)
Phone number of the CCBM unit +4212 5787 2538, 3204, 2558, 2566
Fax number of the CCBM unit +4212 5787 1193, 2982
Foreign counterparties’ contact for credit claim related issues +4212 5787 2523
Publications describing local legal and operational procedures National Bank of Slovakia issues information on its website:
Legal and procedural aspects
Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable)

allows REPO


For outright and repo technique it is necessary to open client ´s account in CDCP for each NCB. NBS will open this account upon request and will act as administrator of the account. Delivery of collateral with repo technique must be performed according to CDCP Rules. No exchange of ownership takes place during mobilization via repo technique in Slovakia.

Procedural aspects governing a pledge towards NCB and legal documentation used (if applicable)

allows pledge


For the pledge technique counterparty must open a separate owner’s account in CDCP and pledge it in favour of HCB. It is not necessary to open an account for an NCB, as securities are transferred on the new separate owner’s account of the counterparty. Each NCB is requested to notify National Bank of Slovakia in advance if any new account was opened by counterparty that is pledged in favour of HCB. This notification that should be sent at least one business day prior to account usage is important for a correct static data setup.

Specific procedures governing non-marketable assets

The General agreement which includes deed of assignment for credit claims may be found on
Additional term and conditions of the National Bank of Slovakia when acting as CCB and as assisting NCB for credit claims may be found at:

Technical Aspects Centr álny depozitár cenných papierov SR (CDCP) Národná banka Slovenska (NBS)
Type of eligible assets held All marketable assets Non-marketable assets (credit claims)
Opening hours 9:00 - 16:00 CET 9:00 - 15:00 CET
Number of settlement cycles per day Real-time Real-time settlement for FOP transactions No settlement cycle
Account of NCB in the SSS    
HCB's sub accounts in the SSS (where applicable)

Accounts numbers in SSS for repo/outright :
BE 300000892916
DE 300000886924
EE 300001284065
FR 300000887025
IE 300000900919
IT 300000895052
LU 300001238594
LV 300001497174
MT 300001347105
NL 300001245957
PT 300001396114
SI 300000886916
UK 300000887122

Account numbers in SSS for pledge: n.a.

Matching requirements n.a n.a
Matching/Settlement details

The instructions received from the HCB are pre-matched at NBS with the local custodian's instructions.
The matching of repo operations takes place automatically at the CDCP, on the basis of the following information:

Matching details in CDCP:
Securities movement type (DELI/RECE)
Payment (FREE)
ISIN code of the asset
Amount (face amount)
Trade date
Settlement date
Instructing participant/CDCP
Counterparty – Instructing participant/CDCP

Homepage of SSS n.a