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BELGIUM - Capital Market Infrastructure Summary

Central Securities Depositories
Euroclear Belgium
National Bank of Belgium

Central Counterparty
LCH.Clearnet SA

BIS Model
Model 1: Euroclear Belgium

Settlement Cycle

Euroclear Belgium and National Bank of Belgium Securities Settlement Systems are set to migrate to T2S in the second wave, scheduled for 28 March 2016.

Euroclear Belgium acts as the CSD for Equities, ETFs, Government bonds, Corporate bonds, Investment funds, Rights and warrants. National Bank of Belgium acts as CSD for Government bonds.

Key terms defined in our glossary:

Central Securities Depository
Central Counterparty
BIS Model 1
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.