BME Spanish Exchanges

www.bolsasymercados.es
Tel : 34 91 709 5000
Fax : 34 91 531 2290

 

Representatives

Chairman & CEO : Mr. Antonio J. Zoido

Director of International Affairs : Mr. Ramon Adarraga

 

Types of Securities Traded

Name of Trading Systems

(cash and derivatives)

Trading Hours

Madrid, Barcelona, Valencia and Bilbao

Shares

Floor Shares

 

 

ETFs

Warrants

Certificates

Fixed Income

Public Debt

Investment Funds

MAB

Inline/Bonus Warrants

Turbo Warrants

SIBE (electronic)

Barcelona (electronic), Bilbao, Madrid (electronic), Valencia

 

SIBE (electronic)

SIBE (electronic)

SIBE (electronic)

SIBE (electronic)

SIBE (electronic), AIAF (electronic)

SIBE (electronic)

SIBE (electronic)

SIBE (electronic)

SIBE (electronic)

 8:30 – 17:35

 8:30 – 16:00

 

 

 8:30 – 17:35

 8:30 – 16:30

 8:30 – 16:30

 8:30 – 16:30

 8:30 – 16:30

 

 

 

AIAF

Corporate Debt

Commercial Paper

AIAF

AIAF

 No fixed trading hours

Public Debt

AIAF

 8:30 -17:15

MEFF

Derivatives

MEFF/S-MART

 It depends on type of the contract

 

Supervisory Body

CNMV
Banco de España (Public Debt)

Name of Clearing & Settlement Organization

Iberclear (Settlement)
MEFFCLEAR (Clearing)

Settlement Cycle

MEFF - Daily settlements are made using a standard multilateral settlement in the bank of Spain

TARGET-2 system

T + 3
T + 1 / T + 5
T + 0
T + 1

Name of Central Securities Depository

Iberclear
 

Commissions on Transactions levied by Exchange

Available at:

http://www.bolsamadrid.es/esp/contenido.asp?menu=0&enlace=/esp/bolsamadrid/mvalores/canones.htm

 

Taxes on Dividends, Interests

19% withholdings tax rate from listed stocks

0% long term gains on listed stocks

2011 Share ownership thresholds (%)

5%, 10%, 15%...

Short selling (Yes / No)

Yes

Short selling conditions (if any)

 

 

 

In August 11th, 2011 the CNMV agreed, as a temporary preventive measure, to ban any legal or natural person from entering into transactions which might constitute or increase a net short position on Spanish financial stocks. Positions arising from market making activities will be exempted from this ban.

On September 28th, 2011 the CNMV agreed to extend the measure sine die and informed that it will remain in place for the minimum time needed.

Holiday
1st January
29th March
1st April
1st May
24th December
25th December
26th November
31st December
This page was last updated on: 01/22/2013 - 12:18