Search Contact
This page is available in multiple languages
Select Language

Working Days & Operating Hours

2025

The working calendar of Euronext Securities Porto is based on the calendar defined for the TARGET2 System (Trans-European Automated Real Time Gross Settlement Express Transfer System).

On May 1, 2025 (Labour Day) EURONEXT SECURITIES PORTO systems will be open for the settlement of free of payment instructions, according to TARGET2-Securities (T2S) calendar.

Thus, the services managed by Euronext Securities Porto, during the year 2025, will not be available on Saturdays and Sundays and on the days outlined on the table.

Please note that the working calendar for 2025 is available in the Notice No. 24/1172 Closing days in 2025.

This information does not replace the necessary consultation of the Regulations in force.

2025-01-01 New Year 
2025-04-18 Good Friday 
2025-04-21 Easter Monday 
2025-12-25 Christmas
2025-12-26 Boxing Day

Operating hours

The operating hours of the centralised systems and settlement systems managed by Euronext Securities Porto are based on the operating hours of the T2S platform – TARGET2-Securities and are set out in the notice no. 0394/2024 Timetables.

Schedule T2STime CET
Start of Day – SoD 
Change of business date18:45
Preparation for Night Time Settlement18:45 – 20:00
Night Time Settlement (NTS) 
Start of NTS20:00
First Cycle, with five sequences 
Last Cycle, with partial settlement in sequence X 
Real time Settlement (Starts if the NTS ends before 03:00 CET / 02:00 WET) 
Maintenance Window in weekday (optional)03:00 – 05:00
Maintenance Window from Saturday until Monday (required)02:30 – 02:30
Real time Settlement05:00 – 18:00
Partial Settlement 
Cycle 108:00 – 08:30
Cycle 210:00 – 10:15
Cycle 312:00 – 12:15
Cycle 414:00 – 14:15
Cycle 515:30 – 16:00
DVP (Delivery versus Payment) cut-off16:00
Collateral reimbursement16:30
BATM / CBO cut-off17:40
Inbound LTO cut-off / Automatic cash sweep17:45
FOP (Free of Payment) cut-off18:00
End of Day – EoD18:00
  • Please Note: Portugal uses WET (Western European Time), which is -1 hour than CET (Central European Time).
  • Acronyms:
    • BATM – Bilaterally Agreed Treasury Management
    • CBO – Central Bank Operations
    • LTO – Liquidity Transfer Orders