Bank of Greece Securities Settlement System

The Bank of Greece Securities Settlement System or BOGS, also known as the System for Monitoring Transactions in Book-Entry Securities, is one of two central securities depositories in Greece, together with ATHEXCSD. The main CSD for Greek government securities, it is owned and operated by the Bank of Greece.

Overview

BOGS is one of three remaining central-bank-operated CSDs in the European Exchange Rate Mechanism that are mainly aimed at deposits of government securities, together with the National Bank of Belgium Securities Settlement System and the Bulgarian National Bank Government Securities Settlement System. Other euro-area countries had similar systems in the past but have phased them out, e.g. France in 1995, Finland in 1996, Italy in 2000, and Spain in 2003.
As it is operated by a National Central Bank of the Eurosystem, the BOGS is exempt from authorization requirements that apply to other CSDs.
BOGS connected to the Eurosystem's TARGET2-Securities platform as part of the first wave in June 2015.