Market practices in Belgium

Belgium
Name of National Central Bank National Bank of Belgium
Phone number of the CCBM unit + 32 22 21 20 64
Fax number of the CCBM unit + 32 22 21 30 80
email backoffice@nbb.be
Foreign counterparties’ contact for credit claim related issues idem CCBM unit
Publications describing local legal and operational procedures Reglement betreffende intradaykredieten en monetaire beleidsoperaties van de Nationale Bank van België – Règlement des crédits intrajournaliers et des opérations de politique monétaire de la Banque Nationale de Belgique. These documents are available upon request from the National Bank of Belgium.

Legal and Procedural Aspects
Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) Reglement betreffende intradaykredieten en monetaire beleidsoperaties van de Nationale Bank van België / Règlement des crédits intrajournaliers et des opérations de politique monétaire de la Banque Nationale de Belgique (in particular Annex 2 - Marginal use op repo bij NBB).
The procedures described in the above mentioned documents apply to the counterparties of the National Bank of Belgium.
Procedural aspects governing a pledge towards the NCB and legal documentation used (if applicable) Reglement betreffende intradaykredieten en monetaire beleidsoperaties van de Nationale Bank van België - Règlement des crédits intrajournaliers et des opérations de politique monétaire de la Banque Nationale de Belgique
These procedures apply to NBB’s counterparties. The regulation has to be formally accepted by counterparties by signing an acceptation form.
Specific procedures governing non-marketable assets Terms and conditions direct link http://www.nbb.be (Themes > Eurosystem > Information of the National Bank)

Technical Aspects NBB-SSS Euroclear Bank NBB
Type of eligible assets held Government securities, private securities, asset-backed securities Government securities, private securities, asset-backed securities Non-marketable assets
Opening hours 8.00 a.m.-5.30 p.m. C.E.T. (standard for commercial transactions) 8.00 a.m.-5.30 p.m. C.E.T. (standard for commercial transactions) 9.00 a.m. - 5.00 p.m. C.E.T.
Number of settlement cycles per day Near real time Real time and night batch Real time
BIC of SSS(s): NBBEBEBB216 MGTCBEBEECL NBBEBEBB
Account of NCB in the SSS 9200 21081 (repo) or 28204 (pledge) 9100
HCB's sub accounts in the SSS (where applicable) AT NBBE100892011024 (pledge);
DE NBBE100892020118 (repo);
DK NBBE100792030121 (repo);
ES NBBE100892041033 (pledge) NBBE100892040124 (repo);
EU NBBE100792050127 (repo);
FI NBBE100892061039 (pledge);
FR NBBE100892070133 (repo);
GB NBBE100892080136 (repo);
GR NBBE100892091048 (pledge);
IE NBBE100892100142 (repo);
IT NBBE100892111054 (pledge);
LU NBBE100892121057 (pledge) NBBE100892120148 (repo);
NL NBBE100892131060 (pledge);
PT NBBE100892141063 (pledge) NBBE100892140154 (repo);
SE NBBE100792150157 (repo);
SI NBBE100892161069 (pledge);
MT NBBE100892171072 (pledge);
CY NBBE100892181075 (pledge);
SK NBBE100892191078 (pledge)NBBE100892190169 (repo);
EE NBBE100892200172 (repo);
LV NBBE100892211084 (pledge);
LT NBBE100892220178 (repo)NBBE100892221087 (pledge)
AT 28250 (pledge);
DE 21082 (repo);
ES 21083 (repo)28206 (pledge);
FI 28208 (pledge);
FR 21086 (repo);
GR 28210 (pledge);
IT 28212 (pledge);
LU 28213 (pledge);
PT 21091 (repo)28214 (pledge);
SI 18005 (pledge);
MT 18089 (pledge);
CY 14477 (pledge);
SK 19725 (pledge)19900 (repo);
EE 17394 (repo);
LV 45545 (pledge);
LT 47555 (pledge)
Account to mention in the field 97A::SAFE of the MT540 and of the MT542:
AT 9201;
DE 9202;
DK 9203;
ES 9204;
EU 9205;
FI 9206;
FR 9207;
GB 9208;
GR 9209;
IE 9210;
IT 9211;
LU 9212;
NL 9213;
PT 9214;
SE 9215;
SI 9216;
MT 9217;
CY 9218;
SK 9219;
EE 9220;
LV 9221
Matching requirements Yes NBB requests a compulsory matching for collateral transactions to be settled in Euroclear No
Matching/Settlement details Mandatory matching fields:
  • Payment type
  • Securities movement type
  • ISIN code
  • Trade date
  • Settlement quantity
  • Intended settlement date
  • Delivering party BIC
  • Receiving party BIC
  • CSD of the counterparty
  • Currency
  • Settlement amount
  • Credit/Debit
In order for the Eurosystem counterparties to send a correct matching instruction to NBB-SSS they should:
  • Set :22F::STCO//NPAR in the matching instruction
  • Set :22F::STCO//NOMC in the matching instruction
  • Not use the tag :22F::TTCO
  • Set :95P::REAG//ECMSBEBBCCB (if MT542 sent to NBB-SSS) or :95P::DEAG//ECMSBEBBCCB (if MT540 sent to NBB-SSS)
For internal and Bridge transactions the matching fields are:
  • participant code/account number
  • counterparty code/account number
  • security code
  • quantity of securities
  • settlement date
  • cash countervalue, if against payment
  • cash currency, if against payment
  • trade price (when input by both parties)
  • trade date
For external transactions:
  • Euroclear participant account number (when required on the local market)
  • account or BIC code of the local agent in the domestic market
  • security code
  • quantity of securities
  • settlement date
  • cash countervalue, if against payment
  • cash currency, if against payment
  • trade date
n.a.
Special Operating Procedures - - -
Homepage of SSS www.nbb.be www.euroclear.com www.nbb.be