Bank of Greece Securities Settlement System
The Bank of Greece Securities Settlement System or BOGS, also known as the System for Monitoring Transactions in Book-Entry Securities,[1] is one of two central securities depositories (CSDs) in Greece, together with ATHEXCSD. The main CSD for Greek government securities, it is owned and operated by the Bank of Greece.
Overview
[edit]BOGS is one of three remaining central-bank-operated CSDs in the European Exchange Rate Mechanism that are mainly aimed at deposits of government securities, together with the National Bank of Belgium Securities Settlement System (NBB-SSS) and the Bulgarian National Bank Government Securities Settlement System (BNBGSSS). Other euro-area countries had similar systems in the past but have phased them out, e.g. France in 1995,[2]: 283 Finland in 1996,[3] Italy in 2000,[4] and Spain in 2003.[5]
As it is operated by a National Central Bank of the Eurosystem, the BOGS is exempt from authorization requirements that apply to other CSDs.[6]
BOGS connected to the Eurosystem's TARGET2-Securities (T2S) platform as part of the first wave in June 2015.[7]
See also
[edit]References
[edit]- ^ "Oversight of central securities depositories and central counterparties". Bank of Greece. Retrieved 18 February 2025.
- ^ Peter Norman (2007). Plumbers and Visionaries: Securities Settlement and Europe's Financial Market. London: John Wiley & Sons.
- ^ "Suomalainen arvo-osuusjärjestelmä – digitalisaatiota jo vuodesta 1992". Euroclear Finland. Retrieved 16 February 2025.
- ^ "Monte Titoli, Competitiveness Guaranteed: Interview with Pierluigi Dimonopoli, Head of Issuer Services" (PDF). Euronext. April 2021.
- ^ "BME Group Companies". BME.
- ^ "The Securities Settlement System (NBB-SSS)". National Bank of Belgium. Retrieved 11 February 2025.
- ^ "TARGET2-Securities successfully launched today", European Central Bank, retrieved 22 June 2015
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