Sigurður Ólafsson:
It is with regret and sorrow that the Icelandic Securities Depository Ltd. announces that one of its staff members, Sigurður Ólafsson, passed away on Sunday 27th November, aged 46 after tedious illness. Sigurður was an important part of the team that was instrumental in developing the company from its early days in 1998. Sigurður is survived by his wife and two children.
Safekeeping fee
From january 1st 2011 ISD will lower the safekeeping fee 10%
Opening hours in December 2010
In December opening hours are as usual, except for two days:
On 24th of December the ISD will be closed.
On 31st of December the ISD is open from 9 am to 12 am and closes at noon.
Changed opening hours in 2010
Due to changed opening hours at the Stock exchange, ISD will change it's opening hours accordingly. From January 4th 2010, ISD will be open from 9.00 am to 5.00 pm. The TRS box will be open from 9.10 am to 5.00 pm
New settlement time for securities at ISD
Changes in settlement time at the Icelandic Securities Depository Ltd. A new agreement has been signed between the Icelandic Securities Depository Ltd. and the Central Bank of Iceland on the electronic securities‘ settlement procedure. The agreement replaces the former agreement between the same parties that was signed in the year 2000. The agreement enters into effect on the coming September 21st., at which time, the settlement time will change from 9:00 am to 12:00 am GMT. This change is made in consultation with the main participants on the market in order to facilitate the foreign investors´ access, adapt the Icelandic settlement system to the settlement systems in most of our neighbour countries and to diminish the risk within the settlement system. The settlement‘s rules of procedure, which are a part of the agreement, you can get here. Here is the agreement itself.
Icelandic securities depository launches a new website.
The old website had stopped serving it's purpose so it was time to find a new system that handled our needs. We plan to expand our service on this new website in the future.