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Market practices in Estonia

ESTONIA
Name of National Central Bank Eesti Pank
Phone number CCBM unit +372 668 0966
Fax number CCBM unit +372 668 0958
email backoffice@eestipank.ee
Foreign counterparties’ contact for credit claim related issues Not applicable
Publications describing local legal and operational procedures Documents are available upon request from the Eesti Pank.

Legal and Procedural Aspects
Procedural aspects governing a repurchase agreement with the NCB and legal documentation used (if applicable) No special procedures apply.
Procedural aspects governing a pledge towards NCB and legal documentation used (if applicable) Before the first transaction, Eesti Pank, acting as CCB, has to open a pledge account in an Estonian SSS for the respective counterparty.
Specific procedures governing non-marketable assets Master Pledge Agreement and Additional Terms and Conditions, available on request.

Technical Aspects Nasdaq CSD SE Eesti Pank
Type of eligible assets held Government securities, covered bonds Non-marketable assets (credit claims)
Opening hours 07:00 – 18:00 CET 07:00 – 16:30 CET
Number of settlement cycles per day Real-time settlement (7:00 – 18:00 CET) -
BIC of SSS(s) or NCB: LCDELV22XXX EPBEEE2XCCB
Account of NCB in the SSS 99104337567 -
HCB's sub accounts in the SSS (where applicable) -
Matching requirements Yes -
Matching/Settlement Details Trade date/Settlement date; ISIN code; Amount; Safe Account No; Buyer/Seller BIC; Receiving/Delivering Agent -
Special Operating Procedures -
Homepage of SSS https://nasdaqcsd.com www.eestipank.ee