Public holiday regulation in 2022 for CASCADE and Creation
Clearstream Banking1 informs customers of the public holiday regulation for the CASCADE and Creation systems applicable to Germany (national) or for certain regions (R) in 2022. The table below lists the regulation for individual public holidays. Public holidays that fall on a weekend are not included.
The CASCADE settlement days are adjusted to the TARGET2-Securities (T2S) holiday calendar. On days on which T2S is open, CASCADE is open as well.
In 2022 T2S is closed on the following holidays. On these holidays no settlement of delivery against / with payment instructions (DvP2) in Euro takes place3.
- 15 April (Good Friday);
- 18 April (Easter Monday);
- 26 December (Boxing Day).
Payments in foreign currencies can settle via the Creation platform, depending on the deadlines for cash provisioning and public holiday regulation of the respective foreign currency.
The T2S holiday calendar applies for all T2S In-CSDs (central security depositories). The settlement of cross-border transactions against other domestic markets with closing days differing from the T2S holiday calendar will remain pending on those closing days until the next business day.
Public holiday 2022 | National / | CASCADE | Creation |
Thursday, 6 January, | R | open | open |
Friday, 15 April, | national | closed | open |
Monday, 18 April, | national | closed | open |
Thursday, 26 May, | national | open | open |
Monday, 6 June, | national | open | open |
Thursday, 16 June, | R | open | open |
Monday, 15 August | R | open | open |
Monday, 3 October | National | open | open |
Monday 31 October | R | open | open |
Tuesday, 1 November, | R | open | open |
Wednesday, 16 November, | R | open | open |
Monday, 26 December, | national | closed | open |
Counter opening hours at CBF
On days that CASCADE is not open for business, the counters of CBF will also remain closed.
In addition, counters will remain closed on 26 May (Ascension Day), 6 June (Whit Monday), 16 June (Corpus Christi), 3 October (German Reunification Day). Due to a regional public holiday on Tuesday, 1 March 2022, the counters will also be closed from 13:00.
Public holidays on which CASCADE is closed and Creation is open
So far, only stock exchange trades in securities held in Non-collective safe custody (NCSC securities) are concerned and not settled on these days.
On 22 November 2021, Phase 1 of "SET-GO" (Stock Exchange Trades GO OTC) will be implemented. This means that the instruction and lifecycle management for stock exchange trades in NCSC securities will be executed and reported via Creation only. Thereby these stock exchange trades have no longer to be considered separately regarding their handling on public holidays on which CASCADE is closed and Creation is open.
Further information
Regarding the deposits and withdrawals of securities, please note that for the eMISSION service the points described in Announcement D18067 for December 2018 apply in the same way in December 2021. Please take into account that value dates that fall on a holiday will not be considered.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.
2. DvP stands for Delivery versus Payment, Receive versus Payment, Delivery with Payment and Receipt with Payment instructions.
3. This also applies for the custody type NCSC-T (Non-collective safe custody securities to be settled via T2S).