Settlement processing cycles
The settlement day consists of two main settlement processing periods: night-time processing (NTP) and real-time processing (RTP), completed by the end of day processing.
The night-time settlement cycle includes a series of batch runs, file exchanges over the Bridge with Euroclear Bank and transaction data interchanges with depository banks, domestic settlement systems and cash correspondent banks. All instruction types are eligible for settlement in the night-time processing.
Real-time processing runs through the day and is followed by the end of day processing.
It includes the real-time processing of internal instructions, further file exchanges over the Bridge with Euroclear Bank and simultaneous exchanges of instructions with depository banks, domestic settlement systems and cash correspondent banks.
If the customer chooses to have instructions considered for settlement beyond the mandatory period, all internal instructions unsettled at the end of the mandatory settlement period are recycled during the real-time settlement period.
Bridge instructions for which the customer has chosen to be considered for settlement consideration beyond the mandatory period are also recycled during the file exchanges with Euroclear Bank during the optional settlement period.