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Market Passport for Banks and Brokers
Market information
Supporting you
Key market information
Local currencyEuro
(EUR)
2017 GDPUSD
417bn
Time zoneGMT
+1 hour
Numbering
systemISIN
Main stock
exchange indexATX
Key market figures
Local market infrastructures
| Equities | Corporate bonds | Government bonds | |
|---|---|---|---|
| Main trading venue | Vienna Stock Exchange | Vienna Stock Exchange | Vienna Stock Exchange |
| Main clearing venue | CCP.A | CCP.A | CCP.A |
| Settlement and custody | OeKB | OeKB | OeKB |
| Cash leg | Central bank (TARGET2) | Central bank (TARGET2) | Central bank (TARGET2) |
Local market authorities and regulators
- Austrian Financial Market Authority (FMA) is the single statutory supervisory body directly responsible for banking, insurance and pension funds, securities and stock exchange supervision
- Österreichische Nationalbank (OeNB) is the central bank of Austria
Market practices (ALL TIMES ARE LOCAL)
FoP RTS 6.00pm
FoP RTS 6.00pm
- Up to EUR 100,000 trade value: EUR 2.00
- Over EUR 100,000 trade value: EUR 25.00
Penalties for failed OTC transactions: a default interest of 0.015% per day for maximum 20 business days in favour of the buyer. The additional fee in favour of OeKB (the revaluation fee) is EUR 18 per day.
Penalties for failed stock exchange trades: three times OeNB rate of the cash amount for late interest. Penalty of 0.3% from FMA: minimum EUR 250 per day for SD+1 until SD+3.
Buy-in processed by CCP.A:
- On SD+3 after the second settlement cycle until SD+4: buy-in and cash settlement cost EUR 250
- On SD+5: cash settlement occurs (with a rise of 20% for securities and 10% for subscription rights)
Something interesting to know before you visit us in Austria
For a number of years, Vienna, the Austrian capital, has been rated as having the highest quality of life in the world.
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 Austria
We play a leading role in the Austrian securities services market. BNP Paribas Securities Services is the only non-Austrian CSD member represented at a user committee recently created by the Austrian CSD.
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, proxy services, cash and collateral management.
Market-specific
- Clearing and/or settlement services for on- and off-exchange activities
- Harmonised settlement and asset servicing processes offering synergies with the German market
What makes us different
- One single partner to access both the German and Austrian Markets: legal contract, Service Level Description (SLD), account and relationship managers
- Full range of custody services, including proxy voting via Broadridge and local tax service via an Austrian tax consultant
Selected market recognition
Global Investor Sub-Custody Survey (2017): ranked 1st
A sound partner
BNP Paribas Securities Services has been active in Austria since 2004 and a General Clearing member since 2012. Our leadership is recognised in the local market, through our active participation in marketplace committees.
Contact
For more information, please contact your relationship manager or
Dietmar Roessler, Head of Sales and Relationship Management
dietmar.roessler@bnpparibas.com
Something interesting to know before you visit us in Austria
For a number of years, Vienna, the Austrian capital, has been rated as having the highest quality of life in the world.