South Korea: New improved against payment settlement deadlines
Clearstream Banking1 informs clients that effective
immediately
new improved against payment settlement deadlines for Korean government bonds (KGBs) and monetary stabilisation bonds (MSBs) on Clearstream Banking’s direct link (dep 2K) to the South Korean market are available.
Enhanced settlement deadlines
The client deadlines for receipt and delivery against payment change as follows:
Instruction | Current deadline | New deadline effective immediately |
KGBs and MSBs | ||
Receipt against payment | 01:55 SD | 04:55 SD |
Delivery against payment | 01:55 SD | 04:55 SD |
Note: All times are in Central European Time (CET).
Further information
Settlement times – South Korea – KGBs and MSBs will be updated accordingly.
For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer.
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1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG clients using Creation accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.