BELGIUM
Settlement calendar for Belgium adheres to TARGET and does not skip value date on domestic Public Holidays
BPO Belgian Strips BTC Belgian Treasury Certificates OLO Belgian Govt Bonds

			Settlment Date
			BPO*-OLO	BTC
Note	Trade Date	Trading	(T+3)	(T+2)
	27-Dec-06	Yes	02-Jan-07	29-Dec-06
	28-Dec-06	Yes	03-Jan-07	02-Jan-07
	29-Dec-06	Yes	04-Jan-07	03-Jan-07
Target H. Market closed	01-Jan-07	-	-	-
	03-Apr-07	Yes	10-Apr-07	05-Apr-07
	04-Apr-07	Yes	11-Apr-07	10-Apr-07
	05-Apr-07	Yes	12-Apr-07	11-Apr-07
Target H. Market closed	06-Apr-07	-	-	-
Target H. Market closed	09-Apr-07	-	-	-
	26-Apr-07	Yes	02-May-07	30-Apr-07
	27-Apr-07	-	03-May-07	02-May-07
	30-Apr-07	Yes	04-May-07	03-May-07
Target H. Market closed	01-May-07	-	-
	20-Dec-07	Yes	27-Dec-07	24-Dec-07
	21-Dec-07	Yes	28-Dec-07	27-Dec-07
	24-Dec-07	Yes	31-Dec-07	28-Dec-07
Target H. Market closed	25-Dec-07	-	-	-
Target H. Market closed	26-Dec-07	-	-	-