T2S Settlement times - CBF - Spain

18.09.2017

The deadlines shown below are valid provided that the customer's instructions are complete, accurate and eligible for straight-through processing (STP) in CBF and in the local market. Customers must also ensure that any necessary provision is available. If one or more of these criteria are not met, CBF cannot guarantee timely settlement.

Important Note: As part of CBF’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.

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

Receipts

FOP

20:00
SD-1

17:50
SD

17:50
SD

06:00
SD

18:00
SD

AP

 

20:00
SD-1

15:50
SD

15:50
SD

06:00
SD

18:00
SD

SD

Deliveries

FOP

 

20:00
SD-1

17:50
SD

17:50
SD

06:00
SD

18:00
SD

AP

 

20:00
SD-1

15:50
SD

15:50
SD

06:00
SD

18:00
SD

SD