Custody/clearing  
BAYERISCHE HYPO- UND VEREINSBANK    
NATIONAL BANK OF GREECE    
 
 
GREECE - Capital Market Infrastructure Summary

Central Securities Depositories
Hellenic Exchanges S.A. (HELEX)
Bank of Greece

Central Counterparty
Hellenic Exchanges S.A.

BIS Model
Model 1: HELEX: Transactions at beneficiary account level
Model 2: HELEX: Gross on securities at beneficiary account level but net on cash at participant cash account level

Settlement Cycle
T+2

T2S
Bank of Greece Securities Settlement System migrated to T2S in the first wave on 22 June 2015.

Comment
HELEX acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, T-bills, Rights and warrants. Bank of Greece acts as CSD for Government bonds.

Key terms defined in our glossary:

Central Securities Depository
Central Counterparty
BIS Model 1
BIS Model 2
Settlement Cycle
TARGET2-Securities (T2S)

 
The above information is written as a general guide only and is subject to change. Please refer to our 'Terms' page for more details.