Settlement times - Indonesia

14.05.2018

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

Important Note: As part of CBL’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.

Settlement times in Central European Time (CET)

28 March 2021 - 30 October 2021

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date (rtp)=Real-time processing
ReceiptsFOP05:00
SD-1
04:55
SD
04:55
SD
SD (rtp) 
AP11:30
SD-1
04:55
SD
04:55
SD
 a
SD (rtp)SD
DeliveriesFOP11:30
SD-1
04:55
SD
04:55
SD
SD (rtp) 
AP11:30
SD-1
04:55
SD
04:55
SD
 a
SD (rtp)SD

a. When a sale or purchase of IDR is required for securities settlement, the settlement instructions must be received by CBL not later than 11:30 on SD-2. Credit facilities in IDR are not available for foreign investors. Customers that do not require an FX transaction to cover settlement of securities transactions must fund the IDR account of Clearstream Banking with Citibank at the latest by 12:00 (Jakarta time) on SD-1. Failure to meet this deadline may incur penalties, which will be passed on to the relevant customers.

25 October 2020 - 27 March 2021

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date (rtp)=Real-time processing
ReceiptsFOP04:00
SD-1
03:55
SD
03:55
SD
SD (rtp) 
AP10:30
SD-1
03:55
SD
03:55
SD
 a
SD (rtp)SD
DeliveriesFOP10:30
SD-1
03:55
SD
03:55
SD
SD (rtp) 
AP10:30
SD-1
03:55
SD
03:55
SD
 a
SD (rtp)SD

a. When a sale or purchase of IDR is required for securities settlement, the settlement instructions must be received by CBL not later than 11:30 on SD-2. Credit facilities in IDR are not available for foreign investors. Customers that do not require an FX transaction to cover settlement of securities transactions must fund the IDR account of Clearstream Banking with Citibank at the latest by 12:00 (Jakarta time) on SD-1. Failure to meet this deadline may incur penalties, which will be passed on to the relevant customers.

Settlement times in Jakarta Time

All year

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date (rtp)=Real-time processing
ReceiptsFOP10:00
SD-1
09:55
SD
09:55
SD
SD (rtp) 
AP16:30
SD-1
09:55
SD
09:55
SD a
SD (rtp)SD
DeliveriesFOP16:30
SD-1
09:55
SD
09:55
SD
SD (rtp) 
AP16:30
SD-1
09:55
SD
09:55
SD a
SD (rtp)SD

a. When a sale or purchase of IDR is required for securities settlement, the settlement instructions must be received by CBL not later than 11:30 on SD-2. Credit facilities in IDR are not available for foreign investors. Customers that do not require an FX transaction to cover settlement of securities transactions must fund the IDR account of Clearstream Banking with Citibank at the latest by 12:00 (Jakarta time) on SD-1. Failure to meet this deadline may incur penalties, which will be passed on to the relevant customers.