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Bitte beachten Sie, dass die angeführten Börsenusancen nur einen Auszug darstellen und sich ändern können. Die vollständigen Börsenusancen liegen direkt bei der Börse auf. Jegliche Haftung unsererseits im Zusammenhang mit den angeführten Börsenusancen ist ausgeschlossen.
 

Allgemeine Informationen
Börsenname Brussels Stock Exchange
Börsensitzung 9:00 Uhr bis 17:30 Uhr Ortszeit
Versammlungsart Parkettbörse (Präsenzbörse)
Börsenart geregelte Finanzbörse
Kursnotiz Stück- und Prozentnotiz
Börsenwährung Euro
Limitarten Betrag
Bestens
Mögliche Limitzusätze All or None (nicht für Titel die im BEL20 gelistet sind)
Stop Market
Stop Limit
Mögliche Gültigkeiten bis max. 90 Tage
Valuta Schlusstag + 2 Werktage

Börsenfeiertage

An folgenden Tagen findet kein Börsenhandel statt. Bitte beachten Sie, dass sich manche Feiertage vom Datum her verschieben können.
 

Datum Feiertag
1. Jänner New Year's Day
30. März Daylight Savings Begins
21. April Easter Monday
1. Mai Labour Day
29. Mai Ascension
9. Juni Whit Monday
21. Juli Independence Day
15. August Assumption Day
26. Oktober Daylight Savings End
1. November All Saints Day
11. November Armistice Day
25. Dezember Christmas Day
26. Dezember Christmas Day

Bitte beachten Sie auch die Orderrichtlinien!

MARKET:
Bourse de Bruxelles, Beurs van EuroNext Brussels
(Brussels Stock Exchange)
Palais de la Bourse
1000 Brussels, Belgium
Telephone: 32 2 509 1211
Fax: 32 2 509 1212

HOURS:
Cash Market (NTS): Pre-opening: 7:15am - 9:00am
Trading: 9:00am - 5:25pm Monday to Friday

Trading Hours:
Call Auction Procedures: Main fixings occur at 10:30 and 16:00 for double fixings. Single fixings occur around 15:00. Continuous Trading: All continuous trading will start at 9:00. At 17:25 there will be 5 minutes pre-opening phase; the closing auction will take place around 17:30 and will be followed by a 'trading at last' period until 17:40, during which trading will only be possible at the last trade price. All continuous trading will start at 9:00 following an opening auction with stocks in the same quotation group opening in random order. Authorization to enter orders before and after the opening or closing auction depends on the status of the stock.

SETTLEMENT & TRANSFER:
Cash transactions are settled on the third day after a transaction (T+3). The clearing system CIK (Caisse Interprofessionnelle de Depots et de Virements de Titres) was founded in 1967 to facilitate the settlement of Belgian and foreign securities.
CIK address is
Avenue de Schiphol 6
1140 Bruxelles
Phone#: 32 3 702 5411
Fax#: 32 2 702 5400

TYPES OF SECURITES:
Ordinary shares, foreign shares, preferred shares, bonds, subscription rights, warrants, and real-estate certificates are traded on the EuroNext Brussels Stock Exchange. Most shares are in bearer form. Since 1991, non-voting shares have been permitted but they cannot represent more than one-third of a company's capital.

LISTING REQUIREMENTS:
Requests for listing on the Forward Market are reviewed by the executive board of the Exchange, and companies applying for a listing must notify the Banking and Financial Commission. The company must submit a prospectus and the Banking Commission is required to make a decision within 15 days. In addition a company must fulfill the following requirements: - shares must be freely transferable
- the expected market capitalization of the shares to be listed on the profits of the last financial year must total ECU 1 million.
- the company must submit annual accounts for the past 3 years.

Requirements for listing on the Cash Market are:
- securities are not listed on any stock exchange.
- annual accounts of the company are reviewed and certified by the Institute of Company Auditors.
- shares must be freely transferable.
- Securities Verification Committee has given approval to the material appearance of the security certificates.
- that a sufficient market will be established.

COMMISSIONS ON SECURITY SALES:
Commissions collected by brokers as the result of the sale of shares are a matter of negotiation between broker and client and depend mostly on the size of the order.

TAX IMPLICATIONS:
Dividends paid on Belgium ordinary shares are subject to a 25% withholding tax. Dividends paid on the Belgian AFV shares are subject to a 15% withholding tax. Interest is subject to a withholding tax of 15%. Residents have to pay a tax on dividends and interest on Belgian securities. Other taxes besides the withholding tax to be paid by non-residents depends on tax treaties which have been set up between the two countries.

IMPLICATIONS FOR FOREIGN INVESTORS:
There are no restrictions or exchange controls regarding investments in Belgian securities by foreign investors.

INDICES:
The Cash Market Return Index is calculated based on the capitalization of each Belgian company admitted to the official list. The basis for this Index was fixed at 1000 on Jan. 1, 1980. Any detachment of dividend coupons is also taken into account. In the Cash Market Price Index, the dividend coupons are not taken into account. The Domestic Shares Forward Market Index and Foreign Shares Forward Market Index are calculated using the same method as the Cash Market Index. Their bases were fixed at 1000 on Jan. 1, 1985 for foreign shares and 1000 on Jan. 1, 1980 for domestic shares. The BEL20 Index is comprised of the 20 largest and most liquid shares on the Exchange. It is weighted according to the components' market capitalization and liquidity. The basis for this Index was fixed at 1000 on Jan. 1, 1991.

GENERAL INFORMATION:
The Brussels Stock Exchange was established as a limited liabilty co-operative in 1990. It is managed by a board of directors who are in charge of the general policy of the Exchange, supervising the management and determining the amount of the annual contributions from members. The Exchange has gone through many changes recently with the introduction of the EuroNext Market on January 2, 2001 to help young companies with growth potential, it will be linked to similiar exchanges in Paris and Amsterdam.