OneClearstream Austria OTD+22 migration Update 5
The early cut-off time for the Austrian market (dep. 83) has been put in place by Clearstream Banking Luxembourg and we have started to cancel pending unmatched domestic settlement instructions.
Any domestic settlement instruction you will send from now on for your CBL and CBF 6-series accounts (CBFi) will be queued. The release of these instructions to the new depository, CBF, takes place together with recycled domestic instructions in migrating securities during the course of the migration in the afternoon and they could therefore still settle on Friday on a "best efforts" basis.
In order to support customers in the monitoring of the settlement of impacted instructions a dedicated customer communication (No. 7) has been introduced.