Settlement times - Ireland - Securities eligible in Euroclear Bank
The deadlines shown below are valid provided that the client's instructions are complete, accurate and eligible for straight-through processing (STP) in CBL and in the local market. Clients must also ensure that any necessary provision is available. If any of these criteria are not met, CBL cannot guarantee timely settlement.
Important Note: As part of CBL’s internal compliance procedures, all incoming client instructions will be automatically scanned before entering transaction processing. Instructions that are internally flagged as requiring further manual investigation are set to status pending, with such status immediately reported to the client via their chosen media channel(s), until either being manually released for processing or rejected. In order to ensure that instructions being investigated do not miss the applicable deadlines, clients are advised to input instructions at least 15 minutes before the associated deadline.
All times are given in Central European Time.
Instruction | Provisioning | Deadline for receipt of valid instruction | Expected settlement results | ||||
start | end | from | to | value | |||
AP=Against payment FOP=Free of payment SD=Settlement date | |||||||
Corporate bonds and equities and related securities eligible in Euroclear Banka | |||||||
Receipts | FOP | 21:30 | 19:25 | 19:25 SD b | 22:00 | 20:00 | |
AP | 21:30 | 15:55 | 15:55 SD | 22:00 | 18:00 | SD | |
Deliveries | FOP | 21:30 | 19:25 | 19:25 SD b | 22:00 | 20:00 | |
AP | 21:30 | 15:55 | 15:55 SD | 22:00 | 18:00 | SD | |
a. On Irish bank holidays, settlement of Irish securities is generally available in Euroclear Bank with the exception of transfers of Kerry Group Plc shares (IE0004906560) where securities may be disabled from settlement on such days. Full details are available in the Cash and Securities Holidays.
b. Cross-border transfers to/from Euroclear Bank from/to the CREST system: customers are recommended to send their free of payment cross border instructions to Clearstream Banking on SD-1.