Settlement times - Singapore

25.01.2021

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)

N.B.: The same deadlines apply whether payment is performed in SGD or in USD.

28 March 2021 - 30 October 2021

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

CDP-eligible securities – Morning Batch Settlement

Receipts

FOP

07:05
SD-1

02:45
SD

02:45
SD 

06:00
SD

11:30
SD

 

AP

06:05
SD-1

02:45
SD

02:45
SD 

06:00
SD

11:30
SD

SD

Deliveries

FOP

07:05
SD-1

02:45
SD

02:45
SD 

06:00
SD

11:30
SD

 

AP

06:05
SD-1

02:45
SD

02:45
SD 

06:00
SD

11:30
SD

SD

CDP-eligible securities – Afternoon Batch Settlement

Receipts

FOP

07:05
SD-1

06:15
SD

06:15
SD 

09:30
SD

11:30
SD

 

AP

06:05
SD-1

06:15
SD

06:15
SD 

09:30
SD

11:30
SD

SD

Deliveries

FOP

07:05
SD-1

06:15
SD

06:15
SD 

09:30
SD

11:30
SD

 

AP

06:05
SD-1

06:15
SD

06:15
SD 

09:30
SD

11:30
SD

SD

CDP-eligible securities – RTGS (1)

Important: These deadlines pertain to RTGS settlement instructions WITH same day onward deliveries obligations to Clearing Membersa of CDP.

Receipts

FOP

07:05
SD-1

06:15
SD

06:15
SD

03:00
SD

12:00
SD

 

AP

06:05
SD-1

06:15
SD

06:15
SD

03:00
SD

10:00
SD

SD

Deliveries

FOP

07:05
SD-1

06:15
SD

06:15
SD

03:00
SD

12:00
SD

 

AP

06:05
SD-1

06:15
SD

06:15
SD

03:00
SD

10:00
SD

SD

CDP-eligible securities – RTGS (2)

Important: These deadlines pertain to RTGS settlement instructions WITHOUT same day onward deliveries obligations to Clearing Members a of CDP.

Receipts

FOP

07:05
SD-1

10:55
SD

10:55
SD

03:00
SD

12:00
SD

 

AP

06:05
SD-1

06:55
SD

06:55
SD 

03:00
SD

10:00
SD

SD

Deliveries

FOP

07:05
SD-1

10:55
SD

10:55
SD

03:00
SD

12:00
SD

 

AP

06:05
SD-1

06:55
SD

06:55
SD 

03:00
SD

10:00
SD

SD

Non–CDP-eligible securities (physical securities)

Receipts

FOP

04:00
SD-1

02:35
SD

02:35
SD

Dependent on the
type of transaction

 

Deliveries

FOP

04:00
SD-1

02:35
SD

02:35
SD

 

Government securities (MAS)

Receipts

FOP

04:00
SD-1

10:25
SD

10:25
SD

11:00
SD

13:00
SD

 

AP

04:00
SD-1

08:55
SD

08:55
SD

11:00
SD

13:00
SD

SD

Deliveries

FOP

04:00
SD-1

10:25
SD
10:25
SD

11:00
SD

13:00
SD

 

AP

04:00
SD-1

08:55
SD
08:55
SD

11:00
SD

13:00
SD

SD

a. Cleared trades (against Clearing Members) settle in batch mode only. RTGS trades with onward deliveries to settle such cleared trades should therefore settle before each day's batch run. Thus, RTGS settlement instructions to fulfil such obligations should be received by CBL before or by SD 06:15 CET (summer) while those without such obligations can be received by SD 06:55 CET (summer) for against payment instructions. Customers must be aware of the different deadlines to ensure they fulfil their obligations accordingly.

25 October 2020 - 27 March 2021

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

CDP-eligible securities – Morning Batch Settlement

Receipts

FOP

06:05
SD-1

01:45
SD

01:45
SD 

05:00
SD

10:30
SD

 

AP

05:05
SD-1

01:45
SD

01:45
SD 

05:00
SD

10:30
SD

SD

Deliveries

FOP

06:05
SD-1

01:45
SD

01:45​​​​​​​
SD 

05:00
SD

10:30
SD

 

AP

05:05
SD-1

01:45
SD

01:45​​​​​​​
SD 

05:00
SD

10:30
SD

SD

CDP-eligible securities – Afternoon Batch Settlement

Receipts

FOP

06:05
SD-1

05:15
SD

05:15
SD 

08:30
SD

10:30
SD

 

AP

05:05
SD-1

05:15
SD

05:15
SD 

08:30
SD

10:30
SD

SD

Deliveries

FOP

06:05
SD-1

05:15
SD

05:15
SD 

08:30
SD

10:30
SD

 

AP

05:05
SD-1

05:15
SD

05:15
SD 

08:30
SD

10:30
SD

SD

CDP-eligible securities – RTGS (1)

Important: These deadlines pertain to RTGS settlement instructions WITH same day onward deliveries obligations to Clearing Membersa of CDP.

Receipts

FOP

06:05
SD-1

05:15
SD

05:15
SD

02:00
SD

11:00
SD

 

AP

05:05
SD-1

05:15
SD

05:15
SD 

02:00
SD

09:00
SD

SD

Deliveries

FOP

06:05
SD-1

05:15
SD

05:15
SD

02:00
SD

11:00
SD

 

AP

05:05
SD-1

05:15
SD

05:15
SD

02:00
SD

09:00
SD

SD

CDP-eligible securities – RTGS (2)

Important: These deadlines pertain to RTGS settlement instructions WITHOUT same day onward deliveries obligations to Clearing Membersa of CDP.

Receipts

FOP

06:05
SD-1

09:55
SD

09:55
SD

02:00
SD

11:00
SD

 

AP

05:05
SD-1

05:55
SD

05:55
SD 

02:00
SD

09:00
SD

SD

Deliveries

FOP

06:05
SD-1

09:55
SD

09:55
SD

02:00
SD

11:00
SD

 

AP

05:05
SD-1

05:55
SD
05:55
SD 

02:00
SD

09:00
SD

SD

Non–CDP-eligible securities (physical securities)

Receipts

FOP

03:00
SD-1

01:35
SD

01:35
SD

Dependent on the
type of transaction

 

Deliveries

FOP

03:00
SD-1

01:35
SD

01:35
SD

 

Government securities (MAS)

Receipts

FOP

03:00
SD-1

09:25
SD

09:25
SD

10:00
SD

12:00
SD

 

AP

03:00
SD-1

07:55
SD

07:55
SD

10:00
SD

12:00
SD

SD

Deliveries

FOP

03:00
SD-1

09:25
SD
09:25
SD

10:00
SD

12:00
SD

 

AP

03:00
SD-1

07:55
SD
07:55
SD

10:00
SD

12:00
SD

SD

a. Cleared trades (against Clearing Members) settle in batch mode only. RTGS trades with onward deliveries to settle such cleared trades should therefore settle before each day's batch run. Thus, RTGS settlement instructions to fulfil such obligations should be received by CBL before or by SD 05:15 CET (winter) while those without such obligations can be received by SD 05:55 CET (winter) for against payment instructions. Customers must be aware of the different deadlines to ensure they fulfil their obligations accordingly.

Settlement times in Singapore Time

N.B.: The same deadlines apply whether payment is performed in SGD or in USD.

All year

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

CDP-eligible securities – Morning Batch Settlement

Receipts

FOP

13:05
SD-1

08:45
SD

08:45
SD 

12:00
SD

17:30
SD

 

AP

12:05
SD-1

08:45
SD

08:45
SD 

12:00
SD

17:30
SD

SD

Deliveries

FOP

13:05
SD-1

08:45
SD

08:45
SD 

12:00
SD

17:30
SD

 

AP

12:05
SD-1

08:45
SD

08:45
SD 

12:00
SD

17:30
SD

SD

CDP-eligible securities – Afternoon Batch Settlement

Receipts

FOP

13:05
SD-1

12:15
SD

12:15
SD 

15:30
SD

17:30
SD

 

AP

12:05
SD-1

12:15
SD

12:15
SD 

15:30
SD

17:30
SD

SD

Deliveries

FOP

13:05
SD-1

12:15
SD

12:15
SD 

15:30
SD

17:30
SD

 

AP

12:05
SD-1

12:15
SD

12:15
SD 

15:30
SD

17:30
SD

SD

CDP-eligible securities – RTGS (1)

Important: These deadlines pertain to RTGS settlement instructions WITH same day onward deliveries obligations to Clearing Members a of CDP.

Receipts

FOP

13:05
SD-1

12:15
SD

12:15
SD 

09:00
SD

18:00
SD

 

AP

12:05
SD-1

12:15
SD

12:15
SD 

09:00
SD

16:00
SD

SD

Deliveries

FOP

13:05
SD-1

12:15
SD

12:15
SD 

09:00
SD

18:00
SD

 

AP

12:05
SD-1

12:15
SD

12:15
SD 

09:00
SD

16:00
SD

SD

CDP-eligible securities – RTGS (2)

Important: These deadlines pertain to RTGS settlement instructions WITHOUT same day onward deliveries obligations to Clearing Members a of CDP.

Receipts

FOP

13:05
SD-1

16:55
SD

16:55
SD

09:00
SD

18:00
SD

 

AP

12:05
SD-1

12:55
SD

12:55
SD 

09:00
SD

16:00
SD

SD

Deliveries

FOP

13:05
SD-1

16:55
SD

16:55
SD

09:00
SD

18:00
SD

 

AP

12:05
SD-1

12:55
SD

12:55
SD 

09:00
SD

16:00
SD

SD

Non–CDP-eligible securities (physical securities)

Receipts

FOP

10:00
SD-1

08:35
SD

08:35
SD

Dependent on the
type of transaction

 

Deliveries

FOP

10:00
SD-1

08:35
SD

08:35
SD

 

Government securities (MAS)

Receipts

FOP

10:00
SD-1

16:25
SD

16:25
SD

17:00
SD

19:00
SD

 

AP

10:00
SD-1

14:55
SD

14:55
SD

17:00
SD

19:00
SD

SD

Deliveries

FOP

10:00
SD-1

16:25
SD
16:25
SD

17:00
SD

19:00
SD

 

AP

10:00
SD-1

14:55
SD
14:55
SD

17:00
SD

19:00
SD

SD

a. Cleared trades (against Clearing Members) settle in batch mode only. RTGS trades with onward deliveries to settle such cleared trades should therefore settle before each day's batch run. Thus, RTGS settlement instructions to fulfil such obligations should be received by CBL before or by SD 12:15 Singapore time while those without such obligations can be received by SD 12:55 Singapore time for against payment instructions. Customers must be aware of the different deadlines to ensure they fulfil their obligations accordingly.