Poland: Improved settlement deadlines for EUR denominated mortgage bonds

20.10.2017

Effective settlement date

20 November 2017

in line with our ongoing commitment to the enhancement of our settlement services, the customer deadlines for receipt at Clearstream Banking1 of valid free of and against payment external instructions related to the Polish EUR denominated mortgage bonds will be improved as follows:

Enhanced securities deadlines

Instruction

Receipt and delivery

Current
deadline

Deadline from
20 October 2017

EUR denominated mortgage bonds

Receipt

Free of payment

13:55 SD

15:55 SD a

Receipt

Against payment (OTC)

11:55 SD

13:55 SD a

Receipt

Against payment (Stock exchange)

8:25 SD

10:25 SD

Delivery

Free of payment

13:55 SD

15:55 SD a

Delivery

Against payment (OTC)

11:55 SD

13:55 SD a

 

Delivery

Against payment (Stock exchange)

8:25 SD

10:25 SD

Note: All times are Central European Time (CET).

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 Creation Link Guide - Poland and related information, available on the Clearstream Banking website under Products and Services will be updated on the effective date.

For further information, please contact Clearstream Banking Client Services or your 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 customers 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.