The Agence France Trésor reserves the right to cancel an auction listed on the calendar if exceptional market conditions warrant it, or to hold an extra auction according to its borrowing needs and market trends.
Furthermore, the State reserves the right to create new, long- or medium-term lines during the year, or to issue further tranches of previous issues in accordance with market conditions. The State also reserves the right to use banking syndicate issue procedures.
The exact nature of the State issues will be communicated to the market in the days preceding each auction with information on the volume of the issues.
In accordance with the new provisions stemming from the entry into force of the European Central Securities Depository Regulation (CSDR), all trades on the secondary market made through regulated markets have been settled at T+2, or two days after the trade date, since the 6th of October 2014. In order to harmonize settlement dates of its auctions (primary market) with settlement dates on the secondary market, AFT have settled all BTF, BTAN and OAT auctions at T+2, since the 6th of October 2014.
MAJ : 18 Dec. 2014