More NewsReal-Time Gross Settlement Reaches Greek Fixed Income Markets

Real-Time Gross Settlement Reaches Greek Fixed Income Markets

The Bank of Greece has reached a conclusive decision to introduce an online real-time settlement systems for trades in Greek Government fixed income securities. Trades include HDAT, Euro MTS, B-TEC and OTC trades. This solution will be offered to banks/participants in Bank of Greece, either through a Web application or through an HDAT screen application. All participants will be able to track online real-time, each trade that has already been sent to Bank of Greece for settlement, since it will have a code to reflect one of the following status: unmatched, matched, matched with problems (either insufficient cash or securities), or settled. Transactions that are matched will be settled automatically and relevant information will be available online by checking their status. Transactions can be prioritised for settlement or even flagged for settlement in specific time.

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