Starting from January 1, 2006, Estonian CSD will launch an extra OTC-DVP settlement batch, according to SEB Eesti hispank Securities Services.
Until now, there has been market cut-off times for OTC-DVP transactions settlement date at 12:45 (local time, CET+1) and 14:45 (local time, CET+1). An extra settlement batch will be implemented with the market cut-off time at 10:45 (local time, CET+1). The extra settlement is used only for OTC-DVP transactions.