Improved settlement deadlines
Effective settlement date
14 May 2018
in line with our ongoing commitment to the enhancement of our settlement services, the customer deadlines for receipt at Clearstream Banking1 for Australia, Greece-ATHEXCSD, Indonesia, Malaysia, Russia, Singapore and the Slovak Republic will be improved as follows.
Note: All times in this announcement are CET unless otherwise stated.
Australia
Instruction | Current deadline | New deadline from 14 May 2018 | |
Austraclear-eligible securities | |||
Receipts | FOP | 09:10 SD | 09:55 SD |
Deliveries | FOP | 09:10 SD | 09:55 SD |
ASX-listed and CHESS-eligible securities | |||
Receipts | AP | 22:55 SD-1 | 02:25 SD |
FOP | 09:10 SD | 09:55 SD | |
Deliveries | AP | 22:55 SD-1 | 02:25 SD |
FOP | 09:10 SD | 09:55 SD | |
No change to AP deadlines related to Austraclear-eligible securities.
Greece
Instruction | Current deadline | New deadline from 14 May 2018 | |
ATHEXCSD eligible securities | |||
Receipts | FOP | 13:25 SD | 13:55 SD |
AP | 13:25 SD | 13:55 SD | |
Deliveries | FOP | 13:25 SD | 13:55 SD |
AP | 13:25 SD | 13:55 SD | |
No change to deadlines related to BOGS eligible securities.
Indonesia
Instruction | Current deadline | New deadline from 14 May 2018 | |
Receipts | FOP | 10:55 SD-1 | 04:55 SD |
AP | 10:55 SD-1 | 04:55 SD | |
Deliveries | FOP | 10:55 SD-1 | 04:55 SD |
AP | 10:55 SD-1 | 04:55 SD | |
Malaysia
Instruction | Current deadline | New deadline from 14 May 2018 | |
SSDS-eligible securities | |||
Receipts | FOP | 10:55 SD-1 | 02:55 SD |
AP | 10:55 SD-1 | 02:55 SD | |
Deliveries | FOP | 10:55 SD-1 | 02:55 SD |
| AP | 10:55 SD-1 | 02:55 SD |
Russia
Instruction | Current deadline | New deadline from 14 May 2018 | |
Debt securities, CSD-eligible and NSD-eligible equities | |||
Receipts | FOP | 17:30 SD | 18:30 SD |
Deliveries | FOP | 17:30 SD | 18:30 SD |
No change to AP deadlines.
Singapore
Instruction | Current deadline | New deadline from 14 May 2018 | |
CDP-eligible securities | |||
Receipts | AP | 02:35 SD | 04:05 SD |
Deliveries | AP | 02:30 SD | 04:05 SD |
No change to FOP deadlines.
Slovak Republic
Instruction | Current deadline | New deadline from 14 May 2018 | |
Receipt | AP | 15:10 SD | 15:40 SD |
Deliveries | AP | 15:10 SD | 15:40 SD |
No change to FOP deadlines.
The deadlines shown above are valid provided that your instructions are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market.
You are also reminded that you must ensure that any necessary provision is available and that the counterparty’s instruction is in place.
If either of these criteria is not met, we cannot guarantee timely settlement.
Further information
The Settlement Timings Matrix and Creation Link Guides will be updated on 14 May 2018.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.