Determination and settlement
The clearing (calculation of mutual liabilities of authorised market participants on the basis of concluded transactions) is performed by the Stock Exchange and settlement of the concluded transactions, due to law provisions, shall be carried by the authorized depositary. The manner and procedure of clearing and settlement are described in the acts of the authorised depositary.
Liabilities referring to the transfer of securities from the concluded exchange transactions shall be carried out by simultaneous payment of the realized price for those securities on the MSE (principle “delivery versus payment”).
The settlement of the securities transactions on all MSE markets shall be carried out on the third business day (T + 3) after the day the transaction is concluded.
The MSE shall submit data on the concluded exchange transactions to the authorised depositary in electronic form on the day the transactions are concluded.
If members of the Stock Exchange mutually agree, settlement of securities transactions on all exchange markets may be executed within a period shorter than the third business day after the transaction is concluded , with a special settlement day (T+1; T+2) as dictated by the MSE.