The working calendar of Euronext Securities Porto (INTERBOLSA – Sociedade Gestora de Sistemas de Liquidação e de Sistemas Centralizados de Valores Mobiliários, S.A.) is based on the calendar defined for the TARGET2 System (Trans-European Automated Real Time Gross Settlement Express Transfer System).
Thus, the services managed by Euronext Securities Porto, during the year 2023, will not be available on Saturdays and Sundays and on the days outlined on the table.
Please note that the working calendar for 2024 is available in the Notice No. 23/11832.
This information does not replace the necessary consultation of the Regulations in force.
The operating hours of the centralised systems and settlement systems managed by Euronext Securities Porto are based on the operating hours of the T2S platform – TARGET2-Securities and are set out in the notice no 394/2024.
| Schedule T2S | Time CET |
| Start of Day – SoD | |
| Change of business date | 18:45 |
| Preparation for Night Time Settlement | 18:45 – 20:00 |
| Night Time Settlement (NTS) | |
| Start of NTS | 20:00 |
| First Cycle, with five sequences | |
| Last Cycle, with partial settlement in sequence X | |
| Real time Settlement (Starts if the NTS ends before 03:00 CET / 02:00 WET) | |
| Maintenance Window in weekday (optional) | 03:00 – 05:00 |
| Maintenance Window from Saturday until Monday (required) | 02:30 – 02:30 |
| Real time Settlement | 05:00 – 18:00 |
| Partial Settlement | |
| Cycle 1 | 08:00 – 08:30 |
| Cycle 2 | 10:00 – 10:15 |
| Cycle 3 | 12:00 – 12:15 |
| Cycle 4 | 14:00 – 14:15 |
| Cycle 5 | 15:30 – 16:00 |
| DVP (Delivery versus Payment) cut-off | 16:00 |
| Collateral reimbursement | 16:30 |
| BATM / CBO cut-off | 17:40 |
| Inbound LTO cut-off / Automatic cash sweep | 17:45 |
| FOP (Free of Payment) cut-off | 18:00 |
| End of Day – EoD | 18:00 |
- Please Note: Portugal uses WET (Western European Time), which is -1 hour than CET (Central European Time).
- Acronyms:
- BATM – Bilaterally Agreed Treasury Management
- CBO – Central Bank Operations
- LTO – Liquidity Transfer Orders