Improved cash settlement deadlines


As part of our continuous effort to provide market leading services to our customers Clearstream has implemented, on 19 June 2017, a series of cash deadline improvements.

In particular, customers now benefit from an improved cash deadline of one hour for EUR via CCB at Clearstream Banking, bringing it much closer to the market deadline and matching the TARGET2 deadline that is already offered to customers. This improvement for EUR deadlines is possible thanks to the introduction of a new concept of Straight-Through-Processing (STP) and Non-STP deadlines for EUR withdrawal of funds instructions, which allows for the faster processing of instructions.

Further cash deadline improvements include the Swiss Franc (CHF), Czech Korona (CZK), Hong Kong Dollar (HKD), Qatari Rial (QAR) and Saudi Riyal (SAR). In addition, there will be an improved deadline for CHF against payment settlement instructions in the Swiss market.

Alongside our separate Bridge settlement improvement for trades between the two International Central Securities Depositories, Clearstream and Euroclear, these Clearstream cash deadline extensions are part of our continuous efforts to enhance our services. By aligning our deadlines customers will be able to make the most of greater flexibility.

For further details, please refer to our customer Announcement A17084, published on 30 May 2017.