Romania's Bucharest Stock Exchange enforces shorter settlement cycle

The settlement cycle on the Bucharest Stock Exchange (BVB) will be shorter, starting Monday, October 6. This means that investors trading shares on the BVB will get their money, or shares, in just two days after the date of the transaction (T+2), compared to three days (T+3) until now. The shortening of the settlement cycle was imposed by the European Union and all European exchanges are aligning to this change starting October 6. This measure is aimed at reducing the risks associated with stock market transactions. The Central Depository, which manages the settlement and clearing services for transactions made on the Bucharest Stock Exchange, took some transitory measures to help brokers and investors get used to the new rules. Andrei Chirileasa, andrei@romania-insider.com