Taking into account the current geopolitical and economic context, Euronext Securities Porto has decided to adjust the price list to be applied to the services provided to Financial Intermediaries and the Price List to be applied to the services provided to Issuers, in order to cope with the increase in costs caused by inflation which, according to the latest information from the Bank of Portugal and international organisations, is estimated to exceed 3.5% in 2024.

Therefore, as of 1 January 2024, the fees charged by Euronext Securities Porto will be updated by 2.7%, which is below the forecast inflation rate. Euronext Securities Porto will continue to internalise part of the increase in costs caused by the effect of inflationary pressure in Portugal.

It was also decided to change the following fees:

• the family discount is increased from 5% to 7.5% for a total annual volume of settlement instructions carried out in T2S exceeding 12 million. Euronext Securities Porto created, in July 202, a family discount with the aim of encouraging direct participation by financial intermediaries in the 4 CSDs of Euronext Group.
• the minimum maintenance is increased from €105,90 to 200,00€ per year. This fee is charged whenever the monthly maintenance fees do not fulfil the minimum annual maintenance fee established.
• with the aim of encouraging issuers of securities issued in certificates form to convert these securities into book-entry securities, the special management fee for certificates securities was increased from €0.26 to €0.325.

Euronext Securities Porto continues to invest in updating its technology and in the talent of its human resources to support the needs of its clients, as well as maintaining high levels of investment to cope with operational changes resulting from new regulations and European projects, particularly those led by the ECB, with an impact on Euronext Securities Porto’s activity.

Euronext Securities Porto has decided to change its price lists with the main purpose of responding to client requests, encouraging the direct participation of financial intermediaries in more than one CSD of the Euronext Group, encouraging the integration of fund units in a centralised system, as well as contributing to the revival of the warrants and certificates market in Portugal.

Issuer Entities:

• Reduction of registration and cancellation fees for warrants and certificates;
• Reduction of processing fees for corporate events (namely capital reductions, income payments, splits and reverse splits) on fund units;
• Reduction of fees on operations resulting from the transfer of securities between different securities codes belonging to the same bond issue;
• Increase of fees charged for subscriptions/redemptions of open-ended funds that do not use the order routing functionality.

Financial Intermediaries

• Creation of a Family Fee, which grants discounts on settlement operations processed on the T2S platform, for Financial Intermediaries participating in more than one CSD of the Euronext Group (Euronext Securities Milan, Euronext Securities Copenhagen and Euronext Securities Porto);
• Reduction of fees charged for connecting via VPN to its private communications network;
• Reduction of fees for cross-border operations carried out by investor CSDs;
• Removal of the fee charged to Financial Intermediaries for subscribing to the service of notification/confirmation of events and general meetings;
• Increase of fees charged for the settlement of warrants and certificates.

Additional information can be found here.

Starting December 27, a new #Bot software will automate the task of assigning ISIN codes for commercial paper issues not registered in the centralised system managed by Euronext Securities Porto. 

This initiative was developed in close collaboration with Euronext Securities Milan, which has extensive experience in delivering #RPA (Robotics Process Automation) technology to support business processes.

This tool will allow Euronext Securities Porto to optimise the reliability, efficiency and accuracy of key processes, while contributing to the digitalisation of Euronext’s CSDs. 

Updating of the fees charged by Euronext Securities Porto, to Financial Intermediaries and Issuers, as from 1 January 2023.

Additional information about the Fee Books changes.

The Settlement Discipline Regime (SDR), a key requirement of the CSDR, came into force on February 1, 2022.

During the time preceding this date, Euronext Securities Porto provided information to their clients, promoted the dialogue and sharing with the Market and implemented, in its systems, the essential functionalities for the entry into force of this new regime.

The SDR will promote the operational efficiency of CSDs and thereby contribute to a timely and efficient settlement within the EU.

Additional information can be found here .

On 9 November 2021, Euronext announced that the Group’s four CSDs would now operate under the name Euronext Securities, with the ambition of pan-Europeanising and scaling up the business. In this article, Pierre Davoust, Head of CSDs at Euronext, lays out the three-year CSD strategy and explains how it will address the needs of local and international customers.

Read more.

Euronext Securities Porto has decided to change the fee book to be applied to the services provided to Financial Intermediaries and to the Issuers, assuming as main objective the promotion and development of the Portuguese capital market, while aligning the quality of some specific services to the price charged.

Additional information about the Fee Book changes.

Euronext Securities Porto is pleased to inform its clients of the forthcoming implementation of the Eurosystem Collateral Management System (ECMS) and the associated SCoRE standards, in addition to a new Corporate Actions platform.

This implementation will meet clients’ needs for increased compliance with standards and improved efficiency of Corporate Actions processing, modernisation of systems to provide greater flexibility, streamlined delivery and faster time to market, and harmonisation of services for clients across markets.

Read more.

Within the scope of the Shareholders Rights Directive II – Directive (EC) 2017/828, of May 17, 2017), INTERBOLSA implemented, on September 6, 2021, the ISO 20022 messages for the identification of beneficial holders and for the notification of General Meetings, as well as the identification of beneficial holders with record date in the past (up to 1 year).

Changes to INTERBOLSA Regulation No. 2/2016, introduced by INTERBOLSA Regulation No. 1/2021, can be consulted through the following LINK.

INTERBOLSA obtained on October 28, 2019 the certification on the full compliance with ISO 27001:2013 standard requirements, with respect to the Information Security Management System in the following scope:

• Market settlement instructions;

• OTC settlement instructions, including DVP in EURO and FOP instructions.

ISO 27001 is the international standard, of reference, related to Information Security Management Systems composed of a set of requirements that aim to ensure the adequate risk management inherent to information security.

By obtaining this certification, INTERBOLSA reinforces and guarantees:

• The use of best international practices regarding Information Security Management Systems;
• Data protection, confidentiality, integrity and availability;
• An ongoing commitment to data protection and operational risk management.

On December 23, 2020 a recertification was carried out, valid until October 27, 2022.