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Iceland branch
Estonia branch
Latvia branch (Head office)
Lithuania branch
08:00 - 17:00

Settlement in the Baltics

General business hours of the core CSD system are from 8:00 to 19:00 (EET) in Estonia, Latvia and Lithuania. Settlement in TARGET2-Securities (T2S) is executed continuously during general business hours. Delivery versus Payment (DvP) settlement is executed until 17:00. Free of Payment (FoP) settlement instructions are settled continuously in a real time during general business hours. FoP settlement is executed until 19:00.

Settlement in Iceland

General business hours of the core CSD system are from 8:00 to 17:00 (GMT) .

DvP is processed in five batches during general business hours – at 9:15, 10:30, 11:45, 14:00 and 15:00. FoP settlement instructions are settled every three minutes during general business hours. FoP settlement is executed until 17:00.

During end of day period in Estonia, Latvia and Lithuania

19:00 to 21:00 (EET)

  • Nasdaq CSD system is open for Participants’ queries (via GUI and messaging).
  • Nasdaq CSD system sends participants subscribed reports.
  • Between 19:45 and 21:00 Nasdaq CSD sends settlement instructions to T2S for processing in NTS for ISD settlement. Note (!) ISD starts in T2S on ISD -1 at 21:00.
During night time period in Estonia, Latvia and Lithuania

21:00-08:00 (EET)

  • Nasdaq CSD system is opened for participants.
  • Nasdaq CSD system is synchronized with information received from T2S NTS (first NTS cycle shall finish by 23:20 (EET)) and communicates settlement instruction status advice and/or confirmation messages to Nasdaq CSD participants (if subscribed).
During the end of day period in Iceland

17:00 to 20:00 (GMT)

  • Nasdaq CSD system is open for Participants’ queries (via GUI and messaging).
  • Nasdaq CSD system sends participants subscribed reports.
During night-time period from in Iceland

17:00 to 08:00 (GMT)

  • Nasdaq CSD system is open for Participants’ queries (via GUI and messaging).
  • Subscribing Participants receive reports from the system of Nasdaq CSD.

Holiday Calendar

Date
Holiday (Event)
Affected
Affected market
24.12.2022
Christmas Eve
Estonia, Iceland, Latvia, Lithuania
25.12.2022
Christmas Day
T2S, T2
Estonia, Iceland, Latvia, Lithuania
26.12.2022
Boxing Day
T2S, T2
Estonia, Iceland, Latvia, Lithuania
31.12.2022
New Year's Eve
Iceland, Latvia
01.01.2023
New Year's Day
T2S, T2
Estonia, Iceland, Latvia, Lithuania
16.02.2023
Day of Re-Establishment of the State of Lithuania
Lithuania
24.02.2023
Independence Day of Estonia
Estonia
11.03.2023
Day of Re-Establishment of the independence of Lithuania
Lithuania
06.04.2023
Maundy Thursday
Iceland
07.04.2023
Good Friday
T2S, T2
Estonia, Iceland, Latvia
10.04.2023
Easter Monday
T2S, T2
Iceland, Latvia, Lithuania
20.04.2023
Public holiday (First day of summer)
Iceland
01.05.2023
International Labor Day
T2
Estonia, Iceland, Latvia, Lithuania
04.05.2023
Day of declaration of Independence of Latvia
Latvia
18.05.2023
Ascension Day
Iceland
29.05.2023
Whit Monday
Iceland
17.06.2023
National Day of Iceland
Iceland
23.06.2023
Victory day in Estonia
Estonia
23.06.2023
Midsummer Eve
Latvia
24.06.2023
Midsummer day/St John’s Day
Estonia, Latvia, Lithuania
06.07.2023
Statehood Day
Lithuania
10.07.2023
The closing day of the XXVII General Latvian Song and XVII Dance Festival
Latvia
07.08.2023
Commerce Day
Iceland
15.08.2023
Assumption Day
Lithuania
20.08.2023
Day of restoration of Independence of Estonia
Estonia
01.11.2023
All Saint’s Day
Lithuania
02.11.2023
All Soul’s Day
Lithuania
18.11.2023
Proclamation of the Republic of Latvia
Latvia
24.12.2023
Christmas Eve
Estonia, Iceland, Latvia, Lithuania
25.12.2023
Christmas Day
T2S, T2
Estonia, Iceland, Latvia, Lithuania
26.12.2023
Boxing Day
T2S, T2
Estonia, Iceland, Latvia, Lithuania
31.12.2023
New Year’s Eve
Iceland, Latvia