Settlement times - Sweden
The deadlines shown below are valid provided that the customer's instructions are complete, accurate and eligible for straight-through processing (STP) in CBL and in the local market. Customers must also ensure that any necessary provision is available. If any of these criteria are not met, CBL cannot guarantee timely settlement.
| 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 | |||||||
| Bonds and other money market instrumentsa | |||||||
| Receipts | FOP | 09:00 SD-1 | 14:25 SD | 14:25b SD | 06:00 SD | 17:30 SD | |
AP | 10:00 SD-1 | 14:25 SD | 14:25b SD | 06:00 SD | 17:30 SD | SD | |
| Deliveries | FOP | 10:00 SD-1 | 14:25 SD | 14:25b SD | 06:00 SD | 17:30 SD | |
AP | 10:00 SD-1 | 14:25 SD | 14:25b SD | 06:00 SD | 17:30 SD | SD | |
| Equitiesa | |||||||
| Receipts | FOP | 16:55 SD-1 | 15:50 SD | 15:50c,d SD | 06:00 SD | 17:30 SD | |
AP | 21:30 SD-1 | 14:25 SD | 14:25c,d SD | 06:00 SD | 17:30 SD | SD | |
| Deliveries | FOP | 21:30 SD-1 | 15:50 SD | 15:50c,d SD | 06:00 SD | 17:30 SD | |
AP | 21:30 SD-1 | 14:25 SD | 14:25c,d SD | 06:00 SD | 17:30 SD | SD | |
a. Unmatched transactions can be cancelled at any time. Cancellations should be sent by 15:50 CET on SD-1, to avoid transactions being matched. SEB does not apply any technical deadlines for cancellations of unmatched instructions, and consequently, a cancellation for an unmatched instruction received after SEB cutoff will be processed right up to the point the instruction matches. Cancellation of a matched instruction after SEB's cutoff will be done on a “best efforts” basis, provided that the cancellation is bilateral, and dependent on status, up until the matched instruction gets irrevocable “ready to settle” status.
b. For bonds, cancellation of matched transactions requires bilateral cancellation.
c. Matched equities transactions with depository counterparty can be cancelled if they have not yet settled.
d. For Equities, cancellation of matched transactions requires bilateral cancellation.
On Swedish public holidays (Twelfth Night, Maundy Thursday, the eve of Ascension Day, the eve of All Saints' Day), trading deadlines may vary and an "early closing" at 11:50 on SD may apply. Instructions are to settle at the usual time.
Note: Swedish securities can be listed on foreign exchanges. For deadlines and details, please refer to the Multi-Market Securities Guide.