Settlement times - Switzerland
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.
Important Note: As part of CBL’s internal compliance procedures, all incoming customer 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 Customer 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, Customers are advised to input instructions at least 15 minutes before the associated deadline.
Customers should take note that CBL cannot guarantee timely settlement for trades where the place of settlement is not the CSD SIX.
SECOM Settlement Times
| 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 | |||||||
| Settlement free of payment | |||||||
FOP | 21:30 SD-1 | 20:35 SD | 20:00 SD | 06:00 SD | 22:00 SD | ||
| Settlement against payment in CHF | |||||||
AP | 21:30 SD-1 | 15:55 SD | 15:55 SD | 06:00 SD | 18:00 SD | SD | |
| Settlement against payment in GBP | |||||||
21:30 SD-1 | 14:40 SD | 14:40 SD | 06:00 SD | 18:00 SD | SD | ||
| Settlement against payment in USD | |||||||
AP | 21:30 SD-1 | 13:25 SD | 13:25 SD | 06:00 SD | 18:00 SD | SD | |
Note: Swiss securities can be listed on foreign exchanges. For deadlines and details, please refer to the Multi-Market Securities Guide.
T2S Settlement Times
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 | ||||||
Settlement receipt free of payment | ||||||
FOP | 17:00 SD-1 | 16:55 SD | 16:55 SD | 05:00 SD | 18:00 SD | |
Settlement delivery free of payment | ||||||
FOP | 21:30 SD-1 | 16:55 SD | 16:55 SD | 05:00 SD | 18:00 SD | |
Settlement against payment in EUR | ||||||
AP | 21:30 SD-1 | 15:10 SD | 15:10 SD | 05:00 SD | 18:00 SD | SD |