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Market practices in Spain
Spain
| Name of National Central Bank | Banco de España |
| Phone number of the CCBM unit | + 34 91 33 86 220 |
| Fax number of the CCBM unit | + 34 91 33 86 019 |
| ccbm@bde.es | |
| Foreign counterparties’ contact for credit claim related issues | Ope.garantias@bde.es + 34 91 33 86 220 |
| Publications describing local legal and operational procedures | Technical Applications (available in Spanish, www.bde.es) |
Legal and procedural aspects
| Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) | n.a. |
| Procedural aspects governing a pledge towards the NCB and legal documentation used (if applicable) | Applicable Spanish legal rules (Technical Applications, available in Spanish, www.bde.es) |
| Specific procedures governing non-marketable assets | Terms and conditions (direct link https://www.bde.es/f/webbde/SPA/sispago/ccbm/ficheros/es/Termsandconditions.pdf |
| Technical Aspects | IBERCLEAR – (ARCO) | BANCO DE ESPAÑA |
|---|---|---|
| Type of eligible assets held | Public and private debt securities Equities and other assets traded in the Spanish Stock Market |
Non-marketable assets (credit claims) (only pledge operations) |
| Opening hours | Iberclear participates in T2S and follows the T2S calendar and Business Day schedule | 7:00 – 18:00 CET |
| Number of settlement cycles per day | Real time settlement | n.a. |
| BIC of SSS(s) | IBRCESMMXXX | ESPBESMMCCB |
| Account of NCB in the SSS | n.a. | n.a. |
| HCB's sub accounts in the SSS (where applicable) | n.a. | n.a. |
| Matching requirements | Yes | n.a. |
| Matching/Settlement details | The matching of operations takes place automatically at the SSS, on the basis of the following information:
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| Special Operating Procedures | n.a. | As described in the Annex of the brochure |
| Homepage of SSS | www.iberclear.es | www.bde.es |