On Financial Operations With The State Securities

Original Language Title: Par finanšu operācijām ar Latvijas valsts vērtspapīriem

Read the untranslated law here: https://www.vestnesis.lv/ta/id/111051

Latvian Central Depositary Regulation No 13 On financial operations with the State securities agreed financial and capital market Commission of the Council of 3 June 2005, confirming the central depository JSC "Latvian" Council meeting on 25 May 2005 the Latvian Central Depository (LCD) Regulation No 13 "On financial operations with state securities (hereinafter referred to as the rules) is issued pursuant to the financial instruments market law (hereinafter referred to as the Act) and the Cabinet of Ministers Regulations" State the release of securities regulations "(hereinafter referred to as the BOM).
1. the terms used in the rules 1.1. terms used in the terms and concepts that are not understood, complies with the law, rules and regulations of the BOM LCD used terms and concepts.
1.2. the securities (hereinafter also – securities)-Latvian lats denominated debt securities of Latvia (with a maturity of up to one year) and Latvian State bonds (with a maturity of over one year).
1.3. Simple (non) transfers — the settlement operation with financial instruments financial instruments as a result of any transfer of funds from one financial instrument account to another financial instrument account.
1.4. DVP settlement: settlement type "supply against payment" (delivery versus payment) transactions in financial instruments in which transfers of financial instruments and related money dealings going on simultaneously, thereby eliminating the risk that the parties to the transaction do not supply financial instruments or does not pay the money.
1.5. Financial instrument for the event — any fact or circumstance affecting the characteristics of the securities of the issuer, as well as action to execute the obligations to holders of securities (fixed income, face value of a security or securities for the cost of deleting).
1.6. The transaction — a transaction that is made with securities competitive daudzcen auction, fixed rate (non-competitive) and national securities auction direct sale, as well as repurchases of securities and which according to the Riga Stock Exchange down procedure is concluded or registered on the Riga Stock Exchange's trading system.
1.7. Billing tasks — tasks that Riga Stock Exchange shall submit the LCD to make DVP settlement of transactions.
1.8. T-day transaction date or registration date.
1.9. S day: a day in which the Securities and related money dealings.
1.10. S-1 day-one working day before the S date.
1.11. The securities account: the financial instruments account LCD financial instrument accounting system that recorded securities that have not been deployed and which have not yet been strengthened property rights.
2. General provisions 2.1 the rules provide procedures for: UR2.1.1.LCD posted in accounting, and delete certificates;
2.1.2. the settlement of securities are carried out during initial deployment and withdrawal of securities;
UR2.1.3.LCD executes financial instrument events securities.
2.2. LCD booked securities pursuant to Regulation No 2 LCD "On the issue of financial instruments accounting of" certain financial instruments posted and this rule, the provisions of Chapter 3.
2.3.Ar transfer of securities-related postings for reflection LCD members, use the financial instruments account and transfer the task of classification according to the type of LCD rules No 11 "for data exchange".
2.4. the Settlement of transactions in securities based on the simultaneous delivery of securities against payment (DVP settlement), and it is performed separately for each operation (by gross).
2.5. The settlement process is the Treasury, Riga Stock Exchange (RFB), LCD, LCD participants and the Bank of Latvia (hereinafter LB).
2.6. in order to be able to make the Securities and cash settlements, LCD, LCD, which is open for cash account and concluded tripartite LB, LB contract cash settlement. If the LCD is open to participants in the cash account, cash settlement that LB conducted with other members through the LCD, which is open for cash account and who has contracted the LB for LB on the LCD and cash settlement.
UR2.7.LCD messages are not submitted reference cam.
2.8. The settlement requires data exchange between LCD and LCD members takes place in electronic form and in accordance with Regulation No 11 LCD "for data exchange".
2.9. The settlement requires data exchange between the LCD and the LBS is going in electronic form in accordance with the approved and coordinated with the LCD-LB "arrangements between the Bank of Latvia and the Latvian Central Depository JSC" "carried out with the security operations".
3. the securities posted LCD UR3.1.LCD, based on the appropriate Treasury order (LCD it is filed electronically by e-mail), no later than two working days before the auction, or no later than three hours from the Treasury of the order (the LCD it is filed electronically through e-mail) to receive securities in the case of direct sales of LCD financial instrument accounting system for securities account to be posted total marketable securities. If the securities are not fully or partially sold, unsold part of it is deleted after the completion of the settlement.
3.2. The securities, which will invest in financial and capital market Commission managed by the deposit guarantee fund, Fund insured protection life insurance protection fund and insured general insurance company (hereinafter referred to as the FCMC funds) funds, in addition to the emissions issue. The following additional emission of securities in case Treasury no later than one business day before the settlement date (S-1) to the Chair. 17.00 order (LCD it is filed electronically by e-mail) in addition to the emissions in LCD post skipped the securities, at the same time indicating the properties to the financial instruments account in which the securities are to be charged, then when the FCMC funds paid for them. After receipt of the order, LCD those securities are immediately recorded in the account of the securities to be distributed.
3.3. Securities accounting procedures regulates LCD rules No 3 "on the accounting of financial instruments and financial instruments execution of events", as well as other rules, in so far as the LCD these rules otherwise.
4. in the course of settlement during the initial deployment of State securities of national securities 4.1 initial deployment day (day), after a competitive or non-competitive auction, or direct sales approval, send the current RFB LCD tasks to carry out settlement for auctions or direct sale (from the point of view of the members of the stock exchange) purchased the securities.
4.2. the day after the settlement of the task from the RFB LCD immediately examine and evaluate whether transactions on the settlement of the tasks requires approval (consent to take the settlement) from LCD Member who according to the billing information specified in the tasks provided with business-related settlements.
4.3. If approval is required, the LCD immediately sends an approval request to the LCD, indicating the necessary approval.
UR4.4.LCD requires the approval of the members of the LCD (consent to operate accounts) in the following cases: 4.4.1. If the proposed settlement on behalf of RFB is that, when you enter a task on the RFB trading system, information about the participants in the settlement was entered incorrectly and consequently the settlement required information is added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
4.4.2. If the proposed settlement on behalf of RFB is that, when you enter a task on the RFB trading system, information about the participants in the settlement was entered only the Castle and consequently the settlement required information is added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
4.4.3. If the proposed settlement on behalf of RFB LCD indicates that the task is required to receive approval from the LCD Member who is designated as the operator of settlement for the transaction;
4.4.4. If the proposed settlement on behalf of RFB is that associated with the transaction settlement provides LCD participant who is not the same legal entity (RSE members) that this deal is concluded or registered RFB trading system.
4.5. To the S-1 day at. 13 LCD on its own initiative, the participant has the right to reject the current task in the following cases: 4.5.1 if RFB trading system task information entered for settlement workers had mistakenly entered the settlement and with it the necessary information has been added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
4.5.2. If RFB trading system task information entered for the account of whom had entered incomplete and consequently the settlement required information is added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
4.5.3. If RFB trading system task information entered for the account of whom had entered in full, but it does not correspond to the order of the parties to the transaction (objective).

UR4.6.LCD, rejecting a settlement task on its own initiative, sent to the LCD the statement. In this communication, the Member shall have the right to specify the LCD an updated billing information, for which the LCD will confirm this rule 4.2-4.4 in. If the LCD participants declines RFB trading system execution of a task, you enter in and clarify the settlement did not specify the required information, the obligation to take account of the Member who has GOVERNED this transaction entered into, or registered, and RFB LCD require approval this rule 4.2-4.4. in accordance with the procedure laid down in the LCD, the RFB Member opened a financial instruments account.
4.7. To the S-1 day at 16 LCD participant submitted a reply message on LCD LCD approval request that is sent to the participant the LCD the LCD in accordance with the provisions of paragraph 4.4. After receipt of the reply promptly sent to the LCD the LCD participant in one of the following statements: statement on 4.6.1 consent to take the settlement, if the LCD has agreed to make a member accounts;
4.7.2. notification of membership duties operate accounts, if the LCD is the participants refused to make payments;
4.7.3. notice on incorrectly filled out a message if the LCD responds in any of the fields are filled in incorrectly.
4.8 if, S-1 day at 16 LCD does not receive a response from the LCD participants on this rule 4.2. request for approval referred to in paragraph 1, as well as, if a member disagrees with the LCD make a settlement Member response message or an LCD is faulty, the settlement of transactions over the RFB Member who entered into such transactions or registered by the RFB, and sends the RFB and LCD the LCD participants corresponding statements.
4.9.Ne later than S-1 day until 17 o'clock this LCD that money account LB used to meet other LCD members purchase settlement tasks for each purchase settlement task separately sends notice of the maximum LCD amount of money that can be used to meet other members of the particular LCD purchase settlement task.
4.10. If to the S-1 day at 17 LCD is not received from the participants that the LCD 4.9 above statement or the statement confirms the received less than necessary settlement tasks, inform the public the LCD which, RFB and the LCD participants (by telephone and in writing by sending an email to a contact).
4.11. Billing tasks LCD continues to run after it has received the rule 4.9. the notification referred to in paragraph 1 a sufficient amount of money, which you can use to perform the deferred purchase settlement task, if not yet come this rule 4.20. the deadline laid down in point (up to S day at 10).
4.12. If the LCD not yet started the current task, it can be cancelled by the Treasury initiative to send through the RFB LCD settlement task cancellation notification.
4.13. S day until 9.30 o'clock LCD participants must provide a sufficient sum of money in settlement of its tasks to the appropriate account LBS. To make the settlement of the FCMC extra emissions released in the Fund purchased the securities, sufficient amount of money to ensure the LCD money in the account not later than the day the LB's until 3.
4.14. S day until 9.30 o'clock LCD make settlement of each settlement task separately (at gross basis) and billing tasks in order of their submission ("first in, first out"). Securities account to be the LCD for each account assignment locked separately the number of securities required and sends LB order transfer funds from the account of a participant on the LCD LB Treasury account LBS. In addition to performing the settlement of emissions released to the FCMC Fund purchased the securities for cash order LB LCD transfer of funds from a money account on LCD LB Treasury account to submit, as soon as you have received the LB LB approval for transfer of funds to the account of the money THEY fund the LCD purchased securities for payment, but no later than at 15.30.
4.15. S day from noon. 9.30 till noon. 10 LB from LCD order transfers of funds, each order individually examine the adequacy of the funds specified in the order of LCD and do the following: 4.15.1. If funds are insufficient, the Executive order on the LCD the transfer of funds, at the same time send a confirmation of cash settlement in LCD;
4.15.2. If the quantity of money is not enough to send the LCD make money withdrawal settlement.
4.16. S day until 3 10 LCD following the confirmation of receipt of payment of money from LB immediately blocked securities included in the offset account member LCD LCD LCD members, and sent to the State Treasury, as well as confirmation of payment of the RFB. If the LBS has refused the transfer of funds, state securities LCD members offset account is not added, and the LCD LCD LCD promptly to Member State coffers and RFB corresponding statements.
UR4.17.LCD members, receive a confirmation of payment from the LCD, immediately take the appropriate postings in its financial instrument accounting system.
4.18. If payment is delayed for lack of money, the amount of settlement of enforcement settlement in LCD task under this rule 4.15 4.16 points as soon as-LCD has received information of a sufficient quantity of money (by telephone, in writing, a member of the LCD) settlement task. LCD immediately send the LCD members and RFB corresponding statements.
4.19. If the LCD is not provided by the corresponding participant account LB sufficient amount of money for the purchase of securities until S day at 13.30, the State Treasury shall take a decision on the relevant settlement task cancellation.
5. in the course of settlement by the national securities repurchase securities repurchase of 5.1 days (T/day) after competitive bidding or direct sales approval sent to the LCD information RFB settlement on auction or for carrying out immediate withdrawal (from the perspective of members of the RFB) sold securities.
5.2. the day after the current task from the RFB LCD immediately examine and evaluate whether transactions on the settlement of the tasks requires approval (consent to take the settlement) from LCD Member who according to the billing information specified in the tasks provided with business-related settlements.
5.3. If approval is required, the LCD immediately sends an approval request to the LCD, indicating the necessary approval.
UR5.4.LCD requires the approval of the members of the LCD (consent to operate accounts) in the following cases: 5.4.1. If the proposed settlement on behalf of RFB is that, when you enter a task on the RFB trading system, information about the participants in the settlement was entered incorrectly and consequently the settlement required information is added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
5.4.2. If the proposed settlement on behalf of RFB is that, when you enter a task on the RFB trading system, information about the participants in the settlement was fully entered the settlement and with it the necessary information has been added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
5.4.3. If the proposed settlement on behalf of RFB LCD indicates that the task is required to receive approval from the LCD Member who is designated as the operator of settlement for the transaction;
5.4.4. If the proposed settlement on behalf of RFB is that associated with the transaction settlement provides LCD participant who is not the same legal entity (membership) that this deal is concluded or registered RFB trading system.
5.5. To the S-1 day at 13 LCD on its own initiative, the participant has the right to reject a settlement task, in the following cases: 5.5.1. If RFB trading system task information entered for settlement workers had mistakenly entered the settlement and with it the necessary information has been added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
5.5.2. If RFB trading system enter task information on the participants in the settlement was completely entered the settlement and with it the necessary information has been added to the RFB, taking into account the information provided by a member of RFB for the settlement to be used in that case workers;
5.5.3. If RFB trading system enter task information on the participants in the settlement was entered in full, but it does not correspond to the order of the parties to the transaction (objective).

UR5.6.LCD, rejecting a settlement task on its own initiative, sent to the LCD the statement. In this communication, the Member shall have the right to specify the LCD an updated billing information, for which the LCD will confirm this rule 5.2-5.4. in accordance with the procedure laid down in paragraph 1. If the LCD participants declines RFB trading system in the execution of a task, and you entered did not specify specify billing information, the LCD is assuming that the settlement is a member who GOVERNED this transaction entered into, or registered, and RFB LCD require approval this rule 5.2-5.4. in accordance with the procedure laid down in paragraph LCD Member, that Member will open the RFB financial instruments account.
5.7. To the S-1 day at 16 LCD participant submits a message to the LCD response approval request that is sent to the participant the LCD the LCD in accordance with the provisions of point 5.2. After receipt of the reply promptly sent to the LCD the LCD participant in one of the following statements: statement of consent 5.7.1 operate accounts, if the LCD has agreed to make a member accounts;
5.7.2. notice of a member's obligation to RFB settlement, if the LCD is the participants refused to make payments;
5.7.3. notification of incorrect fill the message if the reply message in the LCD participants in any of the fields are filled in incorrectly.
5.8. If to the S-1 day at 16 LCD does not receive a response from the LCD participants on this rule 5.2. request for approval referred to in paragraph 1, as well as, if a member disagrees with the LCD make a settlement Member response message or an LCD is faulty, the settlement of transactions over the RFB Member who entered into such transactions or registered by the RFB, and sends the RFB and LCD the LCD participants corresponding statements.
5.9. S-1 day at 16.30 LCD LCD members check that the offset account is sufficient for the performance of the securities settlement for each transaction separately S day. If not enough securities, LCD informed (by telephone, in writing) the LCD participants on sales settlement tasks for which not enough of the country worth paper and indicate how the national securities is not enough.
UR5.10.LCD member can use simple (non) transfers of financial instruments (50) to ensure your offset account LCD public a sufficient number of securities of each transaction to perform the individual's day.
5.11. If the LCD not yet started the current task, it can be cancelled by the Treasury initiative to send through the RFB LCD settlement task cancellation notification.
latest by 5.12.Ne S day at 9 LCD participant is obliged to provide the required national settlements the number of securities in its offset account 5.13.Ne later than the LCD. S day at. 9.30 the Treasury is obligated to set off national securities repurchase the necessary amount of money money in the account of LCD LB.
5.14. S day from 9.00 to 9.30 o'clock. LCD billing tasks in order of submission (subject to the principle of "first in, first out") the adequacy of the security checks again the LCD participants offset accounts for each account assignment for the LCD apart and do the following: 5.14.1. If sufficient number of securities, securities shall be blocked;
5.14.2 if not enough securities, deferred settlement task and immediately sent to the LCD, the Treasury and the RFB messages.
5.15. The settlement of orders that are insufficient securities suspended as a result, the LCD continues to run under this rule 5.12 5.14. as soon as a point and the LCD participants has provided a sufficient number of securities settlement task and if these provisions have yet to come the deadline laid down in paragraph 5.21.
5.16. S day until noon. send order 9.30 LCD LB transfer funds from the cash account on the LCD the LCD participants specified BOL account LBS.
5.17. S day from noon. 9.30 till noon. 10 LB from LCD order transfers of funds, each order individually examine the adequacy of the funds in the account and take the money the LCD: 5.17.1. If funds are insufficient, the Executive order on the LCD the transfer of funds, at the same time send a confirmation of cash settlement in LCD;
5.17.2. If the quantity of money is not enough to send the LCD make money withdrawal settlement.
5.18. S day until 3 10 LCD following the confirmation of receipt of payment of money from LB, immediately, clearing the blocked securities the Treasury designated account and send the LCD participants, Treasury as well as confirmation of payment of the RFB. If the LBS has refused the transfer of funds, Treasury securities specified account is not credited, and immediately sent to the LCD the LCD, the Treasury and the RFB messages.
UR5.19.LCD members, receive a confirmation of payment from the LCD, immediately take the appropriate postings in its financial instrument accounting system.
5.20. where payment is deferred for lack of money, the amount of settlement of enforcement settlement in LCD task under this provision.-5.18 5.16 points, as soon as the information on the LCD has received a sufficient amount of funds settlement task. The LCD will immediately send to the State Treasury, the LCD participants and RFB corresponding statements.
5.21. If S day at. the LCD is not provided by the participant 13.30 offset account LCD a sufficient number of securities exercise or the Treasury not ieskaitījus LCD cash account LB sufficient amount of money for the repurchase of securities, the Treasury shall take a decision on the settlement, which the task with the RFB submitted via LCD. 5.22. where's the day until noon. 9 membership with LCD not provided through Member States sufficient amount of securities to a securities account in its offset in the LCD, to satisfy the buy-back task, then the Treasury for violations of the Act shall be prepared showing the members name, RSE securities auctions or direct the repurchase date, ISIN code, the amount of securities that RFB member was determined to sell, as well as calculate the penalty.
6.Ar the national securities settlement related postings 6.1 receiving RFB statement of transactions, a member of no LCD postings. To ensure the adequacy of securities settlement at the time, the LCD is entitled to block the settlement required the number of securities to the seller's account in the financial instruments and the settlement required the amount of money the buyer's money account.
UR6.2.LCD the participant shall ensure that during the period from T to S day it has available information on the settlement of payments in the required cash and securities positions, if there's a day in May.
6.3. S day LCD Member, you receive a message from the LCD on settlement task, take your postings and the related financial instruments cash accounting system with the same date the date when the current task is completed LCD. 6.4. message from the LCD, the LCD on the deferred settlement Member postings does not perform.
7. Fixed income payment 7.1. Fixed income payout is happening previously established Treasury fixed income payment dates.
7.2. all Treasury fixed income payments to be paid shall be the amount of money credited to the cash account in LB LCD no later than the payment date at. 11. UR7.3.LCD, at which the Treasury is open in the financial instruments account, fixed income payment day to noon. 9.30 Announces LCD Treasury holdings in the country's domestic debt nominal value of securities or fixed income the amount of payment a day at 8 in the morning. Accordingly, Treasury account includes LCD LB, reduced the amount of money the part that would be payable to the Exchequer. LCD, transfer to fixed income payments the amount of money to be paid to the participant at which the LCD to the Treasury is open in the financial instruments account, it shall be reduced by the part that would be payable to the Exchequer.
7.4. If the Treasury deadline including LCD account all fixed income payments the amount to be paid, then the LCD immediately, but no later than the fixed income payment at 14 days to transfer the money to the participants, according to the corresponding LCD accounts existing in the countries concerned, the number of securities or the amount of the nominal fixed income date of payment, at 8 in the morning.
7.5. If the Treasury does not set deadlines including LCD account fixed income payments the amount to be paid or credited only part of it, then the LCD on it will immediately inform the LCD members (written) and then, when the Treasury is ieskaitījus LCD account all fixed income payments to be paid shall be the amount of money transferred to the LCD participants, subject to this provision 7.2 and 7.4 points at specific time intervals. If the Treasury until noon. 14 LCD account ieskaitījus only part of the amount payable, the LCD it same day report back to the Treasury and fixed income the cost of moving to the next working day.

UR7.6.LCD, immediately after the receipt of money from the LCD, but not later than the payment date to the end of fixed income securities, including the owner and persons holding securities in the money in the account under the financial instruments account in securities, or the amount of the nominal value of the fixed income calculation time (given the Treasury interest income date of payment of the 8 o'clock in the morning). LCD no power without reason the participant hold fixed income securities cost the owners and persons who, in the holdings of securities are located.
7.7. If the amount of money payable for securities one, is set to the nearest penny, then LCD LCD participant is transferred to the fixed income payments the amount payable, under this provision, the algorithm described in paragraph 8.8. LCD participants be paid the amount of money the owner of securities transferred under this provision described in paragraph 8.8. algorithm.
7.8. If the fixed income is transferred to the Treasury within the fixed income payment date, then any changes after the owner of securities fixed income calculation date shall not affect the right of a person to receive a fixed income.
8. the cost and value of securities 8.1. Nominal value the cost of deletion and deletion of securities occurs at the Treasury before specific dates.
8.2. all par in the Treasury to be paid shall be the amount of money credited to the cash account in LB LCD no later than the date of deletion of securities at 11. UR8.3.LCD, at which the Treasury is open in the financial instruments account, delete the securities a day before noon. 9 notify the LCD on the Treasury securities holding number or face value of the amount, the Treasury account includes LCD amount of money reduced the part that would be payable to the Exchequer. The nominal value of the payable transfer LCD, the amount of money a participant at which the LCD to the Treasury is open in the financial instruments account, it shall be reduced by the part that would be payable to the Exchequer.
8.4. If the Treasury securities until maturity at 11 including LCD all denominations in the payable account in the amount of money, then the LCD immediately, but not later than the date of the deletion at. 14 transferred money to the participants, according to the corresponding LCD accounts existing in the countries concerned, the number of securities to calculate the time (payment date at 8 in the morning). LCD, after the amounts transfer LCD members, immediately delete the State securities issues LCD financial instrument accounting system.
8.5. If the Treasury not included within the time limit set in the account of the nominal value paid to the LCD to the amount of money or part thereof only, then the LCD on it will immediately inform the LCD participants (in writing) and then, when the Treasury is ieskaitījus LCD for deletion of all securities in the account to be paid shall be the amount of money transferred to the LCD participants, subject to this provision in paragraph 8.2 and 8.4 in defined time intervals. LCD-payable at par amounts of money transfer LCD members, immediately delete the State securities issues LCD financial instrument accounting system. If the Treasury until noon. 14 LCD account ieskaitījus only part of the face value amount, payable to the LCD on the same day a report back to the Treasury and transferred the cost and face value of the securities on the deletion of the following working day.
UR8.6.LCD, immediately after the receipt of money from the LCD, but not later than the end of the maturity date, the nominal amount of money to be paid shall be credited to the securities owner and persons holding securities in the money in the account under the financial instruments account for the number of securities in the calculation of the moment. LCD no power to the participant no reason to withhold the cost value of securities owners and persons who, in the holdings of securities are located. Member of the order of the LCD face value cost from the LCD and the cost of a nominal value of securities owners and persons in the holdings of securities immediately deletes the public issue of securities in the financial instrument of your accounting system.
8.7. If the amount of money payable for securities one, is set to the nearest penny, then LCD LCD participant transfer the amount to be paid, under this provision, the algorithm described in paragraph 8.8. LCD participants be paid the amount of money the owner of securities transferred under this provision described in paragraph 8.8. algorithm.
8.8. Rounded is the only extreme owner of securities in the amount of money to be paid. As the amount of money can be paid only in dollars and cents, Sant Ms from 0.50 and more cents are rounded up to 1 cent, but if less than 0.50 cents, then the penny parts are discarded. If rounding must result in the amount of the premium, the participant shall make the LCD and LCD on its own account. If the result of the rounding amount of money left over, it remains on the LCD and LCD at the disposal of the participants.
9. the security clearance before the term 9.1. Before you can delete only those securities which are of early maturity is the Treasury holdings.
9.2. If the Treasury predicted ahead of time to delete myself securities belonging it not later than 10 working days before the early maturity, submit the order delete securities the LCD, indicating the ISIN code, maturity date, the amount of the nominal value of the securities that, as well as members of the LCD to the Treasury open a financial instruments account and offset account from the LCD to the securities. LCD for early deletion will immediately inform the LCD members, indicating the ISIN code, early maturity and a face value of securities you want to delete.
9.3. the early deletion date LCD deletes within the Treasury offset account securities and send the LCD the LCD, which is open to the public in the financial instruments account, notice of deletion of securities. Based on the LCD, the LCD message deletes a member in its securities financial instrument accounting system.
10. final provisions 10.1. provisions shall enter into force on 1 July 2005.
10.2.Ar entry into force these rules shall lapse at the 2004 January 23 approved LCD rules No 13 "financial instruments operations procedures between the LCD and the Bank of Latvia".