Market practices in Latvia

Latvia
Name of National Central Bank Latvijas Banka
Phone number of the CCBM unit +371 6702 2443, +371 6702 2201, +371 6702 2206
Fax number of the CCBM unit +371 6702 2303
CCBM unit group email topmd@bank.lv
Foreign counterparties’ contact for credit claim related issues topmd@bank.lv
Publications describing local legal and operational procedures "Regulation on a Procedure for Participation in the Eurosystem Monetary Policy Operations Organised by Latvijas Banka"

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) Terms and conditions of Latvijas Banka
Specific procedures governing non-marketable assets Terms and conditions of Latvijas Banka

Technical Aspects Nasdaq CSD SE Latvijas Banka
Type of eligible assets held Marketable assets (government securities + corporate debt securities) Non-marketable assets (credit claims)
Opening hours 07:00 - 18:00 CET 07:30 - 16:30 CET
Number of settlement cycles per day (please indicate cut-off for inputting instructions for each cycle) Real-time settlement (07:00 until 18:00 CET, cut-off time 17:30 CET) n/a
BIC of SSS(s) LCDELV22 LACBLV2XCCB
Account of NCB in the SSS 00422102 n/a
HCB's sub accounts in the SSS (where applicable) n/a n/a
Matching requirements Matching required n/a
Matching/Settlement details The instructions received from the HCB are pre-matched at Latvijas Banka with the local custodian's instructions n/a
Special Operating Procedures None None
Homepage of SSS http://www.nasdaqbaltic.com/en/csds/latvian-csd/ www.bank.lv/en/