Settlement times - Romania
The deadlines shown below are valid provided that the clients'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.
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 | |||||||
Government bonds and bills settled in NBR | |||||||
Receipts | FOPa | 16:15 | 16:10 | 16:10 | 09:00 | 19:00 | |
AP | 21:30 | 15:10 | 15:10 | 09:00 | 19:00 | SD | |
Deliveries | FOPa | 21:30 | 16:10 | 16:10 | 09:00 | 19:00 | |
AP | 21:30 | 15:10 | 15:10 | 09:00 | 19:00 | SD | |
ArenaPT (CSD) RON-denominated bonds and equities | |||||||
Receipts | FOPa | 21:30 | 14:55 | 14:55 | 09:00 | 16:00 | SD |
AP | 07:00 | 18:25 | 18:25 | 11:00 | 15:00 | SD | |
Deliveries | FOPa | 21:30 | 14:55 | 14:55 | 09:00 | 16:00 | SD |
AP | 21:30 | 18:25 | 18:25 | 11:00 | 15:00 | SD | |
ArenaPT (CSD) EUR-denominated bonds and equities | |||||||
Receipts | FOPa | 21:30 | 14:55 | 14:55 | 09:00 | 16:00 | SD |
AP | 07:00 | 16:55 | 16:55 | 11:00 | 15:00 | SD | |
Deliveries | FOPa | 21:30 | 14:55 | 14:55 | 09:00 | 16:00 | SD |
AP | 21:30 | 16:55 | 16:55 | 11:00 | 15:00 | SD | |
a. FOP transactions can be used for portfolio transfers only.
The transaction cannot be cancelled once the client's instruction has been matched by the depository.