Depending on the various CCP-eligible instruments traded on the Vienna Stock Exchange, clearing takes place after two different long clearing cycles.

The distinction is based on an extension of the buy-in period from S+4 to S+7 for all bonds, ETFs, certificates and warrants admitted in the Third Market Segment of Wiener Börse AG, as well as equities whose principal trading venue is located in a third country. The settlement period of T+2 and the risk management model remain unaffected.

This extension of the buy-in period provides the Clearing Participants with three additional settlement days to fulfill their trades before a buy-in procedure is initiated. 

Please note that financial instruments of all categories in  the Regulated Market as well as equities whose principal trading venue is located in the European Union are not affected by this change and therefore continue to be subject to a buy-in period of S+4: