Banco Popular Espanol S.A removal from trading

Following the  announcement by the Single Resolution Board (SRB), instruments in Banco Popular Español S.A – ISIN  code ES0113790226 – have been removed from trading with immediate effect.

The resolution by the SRB, which was published earlier today, can be found at

The purpose of this newsflash is to inform clearing participants of the actions being taken to manage this event:-

  • All trading venues / MTFs have removed this ISIN prior to the start of today’s trading
  • Iberclear CSD has confirmed that settlement will take place for a further two business days with the last settlement day being 8 June 2017
  • EuroCCP confirms that settlement activity up to and including ISD 7 June 2017 has settled (i.e. no outstanding fails in this ISIN) and will make every effort to settle all remaining activity due to settle on ISD 8 June 2017
  • EuroCCP strongly encourages clearing participants to liaise with their settlement agents to ensure settlement takes place tomorrow.
  • Any settlements which are failing at close of business 8 June 2017 will be cash settled

EuroCCP is in contact with all relevant stakeholders, including CCPs and regulators, and will provide and future updates as information becomes available.