MARKET INFRASTRUCTURE

Stock Exchange In Croatia Adopts T+3 Settlement Timetable

The Varazdin Stock Exchange in Croatia will switch to a T+3 settlement cycle from Monday 4 July. The other Croatian exchange, the Zagreb Stock Exchange, has chosen to maintain its T+4 timetable for now. "The settlement cycle is shortened," says

The Varazdin Stock Exchange in Croatia will switch to a T+3 settlement cycle from Monday 4 July. The other Croatian exchange, the Zagreb Stock Exchange, has chosen to maintain its T+4 timetable for now.

"The settlement cycle is shortened," says Sinisa Juric, the head of custody at Splitskabanka in Zagreb. "All trades done on VSE as of next week will have to be settled on a T+3 basis."