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Market Passport for Banks and Brokers
Market information
Supporting you
Key market information
Local currencyEuro
(EUR)
2017 GDPUSD
218bn
Time zoneGMT
Numbering
systemISIN
Main stock
exchange indexPSI 20
Key market figures (Euronext total)
Local market infrastructures
| Equities | Corporate bonds | Government bonds | Derivatives | |
|---|---|---|---|---|
| Main trading venue | Euronext | Euronext | Euronext | Euronext |
| Main clearing venue | LCH SA | LCH SA | LCH SA | LCH SA |
| Settlement and custody | Interbolsa | Interbolsa | Interbolsa | n/a |
| Cash leg | Central bank (TARGET2) | Central bank (TARGET2) | Central bank (TARGET2) | n/a |
Local market authorities and regulators
- The Bank of Portugal regulates and supervises credit institutions, financial companies and payment institutions
- The Comissão do Mercado de Valores Mobiliários (CMVM) is the entity supervising and regulating securities and other financial instruments markets, as well as the activity of all those who operate within these markets
Market practices (ALL TIMES ARE LOCAL)
FoP 5.00pm
FoP 5.00pm
- Up to EUR 100,000 trade value: EUR 2.00
- Over EUR 100,000 trade value: EUR 25.00
Fail penalty fees (not applicable to non-guaranteed postings)
- A fixed fee of EUR 15, plus
- A variable fee (EONIA-based rate + 1%)/360 x amount
The invoicing of penalties applies per open business day on each fail per ISIN code, per Delivery Account (all settlement dates aggregated) and per Clearing Member.
A fee of EUR 150 is charged for each buy-in process initiated by LCH.Clearnet SA in addition to any amount due to meet the cost of purchasing the securities.
Something interesting to know before you visit us in Portugal
Portugal is the world’s largest cork producer and top provider of wine bottle stoppers. In 2016 alone, the country exported the equivalent toEUR 937 million, having a market share of more than 60% of the world’s cork exports.
BNP Paribas customers benefit from free access to more detailed market information on our NeoLink webportal. Click here to access the Market Profiles or contact your relationship manager.
Supporting you
BNP Paribas Securities Services in Portugal
We have been operating in Portugal since 1999. In 2008, we have established in Lisbon an international operations centre, evidencing our strong commitment to the Portuguese market.
Our main services
Core
We offer local clearing and custody to domestic and foreign institutions. Our core services include settlement, on-exchange clearing, safekeeping, corporate actions, cash and collateral management and proxy services.
Market-specific
- Financing and fail coverage
- Custody+ to facilitate the management of final investor accounts by our clients, offering features that cannot be provided at an omnibus level
- Corporate trust services for issuers
What makes us different
- Leading position on Euronext markets
- Close working relationships with market infrastructure and regulators
- Commitment to the development of the post-trading environment: we have led the Portuguese Securities Market Clearing and Custody Committee for ten years
Selected market recognition
- Global Custodian Leaders in Custody Awards (2018): Leading Client Award Western Europe
- Global Custodian Agent Banks in Major Markets Survey (2017): Market outperformer in Portugal
A sound partner
BNP Paribas Securities Services, with its historical presence since 1999, is a premier service provider in the Portuguese market. The Lisbon International operations centre, established in 2008, supports 14 BNP Paribas Securities Services locations and their clients.
Contact
For more information, please contact your relationship manager or
Fabrice Segui, Head of Location
fabrice.segui@bnpparibas.com
Something interesting to know before you visit us in Portugal
Portugal is the world’s largest cork producer and top provider of wine bottle stoppers. In 2016 alone, the country exported the equivalent to EUR 937 million, having a market share of more than 60% of the world’s cork exports.