The Coordinating Banksfor the public offering of Banco Santander ( Brazil ) Units published a Notice to the Market on September 28, 2009, through which they announced that the timetable at BM&FBOVESPA for the new initial trading date of these Units will be October 7, 2009.
It should be noted that BM&FBOVESPA will adopt specific procedures for the settlement of transactions with Banco Santander Units carried out on October 7.
Transactions with Banco Santander Units carried out at BM&FBOVESPA on the first trading date (October 7, 2009) will be settled on T+4 (October 14, 2009) and not on T+3 (October 13, 2009). Transactions carried out on subsequent trading dates will be settled in accordance with the Exchange's regular timeframes and procedures.
The settlement of the public offering of Banco Santander Units will be conducted in a similar manner as the other offerings, and will take place on T+3 (October 13, 2009), pursuant to the Notice to the Market published on September 28, 2009.
With the change in the settlement date for the first trading date of Banco Santander Units at BM&FBOVESPA, all investors should be alert to the following situations:
- Investors who sell Banco Santander Units on October 7, 2009 will receive the respective cash settlement amounts on T+4 (October 14, 2009).
- Investors who perform day trades with Banco Santander Units on October 7, 2009 will settle their transactions on a net basis on T+4 (October 14, 2009).
- Investors who buy Banco Santander Units on October 7, 2009 will receive the securities corresponding to the purchases on T+4 (October 14, 2009).
Transactions carried out on the second trading date (October 8, 2009) will also be settled on October 14, 2009. Thus, transactions with Banco Santander Units carried out on the first trading date (October 7) and second trading date (October 8) will be settled on October 14. For subsequent trading dates, the settlement will follow the regular T+3 cycle.
For further information, please contact your brokerage house.