Settlement times - Sweden

23.11.2020

Instruction deadlines may vary according to the Swedish bank holidays (Twelfth Night, Maundy Thursday, Eve of Ascension Day, Eve of All Saints Day) for which “early closing” settlement times may be applied.

The deadlines shown below are valid provided that the customer's instructions are complete, accurate and eligible for STP 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.

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date
Bonds and other money market instrumentsa,b
Receipts

FOP

09:00
SD-1
12:50
SD
12:50c
SD
06:00
SD
17:30
SD

AP

10:00
SD-1
12:50
SD
12:50c
SD
06:00
SD
17:30
SD

SD

Deliveries

FOP

10:00
SD-1
12:50
SD
12:50c
SD
06:00
SD
17:30
SD

AP

10:00
SD-1
12:50
SD
12:50c
SD
06:00
SD
17:30
SD

SD

Equitiesa,b 
Receipts

FOP

16:55
SD-1
15:50
SD
15:50de
SD
06:00
SD
17:30
SD

AP

21:30
SD-1
12:50
SD
12:50de
SD
06:00
SD
17:30
SD

SD

Deliveries

FOP

21:30
SD-1
15:50
SD
15:50de
SD
06:00
SD
17:30
SD

AP

21:30
SD-1
12:50
SD
12:50de
SD
06:00
SD
17:30
SD

SD

a. Unmatched transactions can be cancelled at any time. Cancellations should be sent by 15:50 CET on SD-1, to avoid transactions being matched.
b. An early deadline of 11:50 on SD for AP transactions applies for Swedish bank holidays with “early closing” settlement times
c. For bonds, cancellation of matched transactions requires bilateral cancellation.
d. Matched equities transactions with depository counterparty can be cancelled if they have not yet settled.
e. For Equities, cancellation of matched transactions requires bilateral cancellation.

Note: Swedish securities can be listed on foreign exchanges. For deadlines and details, please refer to the Multi-Market Securities Guide.