Settlement times - Turkey

06.09.2019

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.

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)

29 March 2020 - 24 October 2020

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date
CBL-eligible securities except Government debt securities
ReceiptsFOP16:00
SD-1
15:55
SD
15:55a
SD
08:00b,c SD16:30b,c
SD
 
AP21:30
SD-1
14:15
SD
14:15a
SD
08:00b,c
SD
16:30b,c
SD
SD
DeliveriesFOP21:30
SD-1
15:55
SD
15:55a
SD
08:00b,c
SD
16:30b,c
SD
 
AP21:30
SD-1
14:15
SD
14:15a
SD
08:00b,c
SD
16:30b,c
SD
SD
Government debt securities
ReceiptsFOP16:00
SD-1
15:55
SD
15:55a
SD
15:00d,e SD16:30d,e SD 
 AP21:30
SD-1
14:15
SD
14:15a
SD
15:00d,e SD16:30d,e SDSD
DeliveriesFOP21:30
SD-1
15:55
SD
15:55a
SD
15:00d,e SD16:30d,e SD 
 AP21:30
SD-1
14:15
SD
14:15a
SD
15:00d,e SD16:30d,e SDSD

a. Earlier deadlines and provisioning times apply on half-day holidays (early closing) - timings are set out in the Cash and Securities Holidays file.

b. On half-day holidays, expected settlement results are 08:00 SD to 11:30 SD.

c. Time frame indicated is continuous (each transaction is confirmed as soon as it settles during the indicated time frame).

d. On half-day holidays, expected settlement results are 11:00 SD to 11:30 SD.

e. Time frame indicated is batch-based (depending on the market volumes settled on a particular day, aggregate settlement results may become available in batch mode at any time during the indicated time frame).

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
CBL-eligible securities except Government debt securities
ReceiptsFOP15:00
SD-1
14:55
SD
14:55a
SD
07:00b,c SD15:30b,c
SD
 
AP21:30
SD-1
13:15
SD
13:15a
SD
07:00b,c
SD
15:30b,c
SD
SD
DeliveriesFOP21:30
SD-1
14:55
SD
14:55a
SD
07:00b,c
SD
15:30b,c
SD
 
AP21:30
SD-1
13:15
SD
13:15a
SD
07:00b,c
SD
15:30b,c
SD
SD
Government debt securities
ReceiptsFOP15:00
SD-1
14:55
SD
14:55a
SD
14:00d,e SD15:30d,e SD 
 AP21:30
SD-1
13:15
SD
13:15a
SD
14:00d,e SD15:30d,e SDSD
DeliveriesFOP21:30
SD-1
14:55
SD
14:55a
SD
14:00d,e SD15:30d,e SD 
 AP21:30
SD-1
13:15
SD
13:15a
SD
14:00d,e SD15:30d,e SDSD

a. Earlier deadlines and provisioning times apply on half-day holidays (early closing) - timings are set out in the Cash and Securities Holidays file.

b. On half-day holidays, expected settlement results are 07:00 SD to 10:30 SD.

c. Time frame indicated is continuous (each transaction is confirmed as soon as it settles during the indicated time frame).

d. On half-day holidays, expected settlement results are 10:00 SD to 10:30 SD.

e. Time frame indicated is batch-based (depending on the market volumes settled on a particular day, aggregate settlement results may become available in batch mode at any time during the indicated time frame).

Settlement times in Istanbul time (Further-eastern European time (FET))

All year

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date
CBL-eligible securities except Government debt securities
ReceiptsFOP17:00
SD-1
16:55
SD
16:55a
SD
09:00b,c SD17:30b,c
SD
 
AP22:30d
SD-1
15:15
SD
15:15a
SD
09:00b,c
SD
17:30b,c
SD
SD
DeliveriesFOP22:30d
SD-1
16:55
SD
16:55a
SD
09:00b,c
SD
17:30b,c
SD
 
AP22:30d
SD-1
15:15
SD
15:15a
SD
09:00b,c
SD
17:30b,c
SD
SD
Government debt securities
ReceiptsFOP17:00
SD-1
16:55
SD
16:55a
SD
16:00e,f SD17:30e,f SD 
 AP22:30d
SD-1
15:15
SD
15:15a
SD
16:00e,f SD17:30e,f SDSD
DeliveriesFOP22:30d
SD-1
16:55
SD
16:55a
SD
16:00e,f SD17:30e,f SD 
 AP22:30d
SD-1
15:15
SD
15:15a
SD
16:00e,f SD17:30e,f SDSD

a. Earlier deadlines and provisioning times apply on half-day holidays (early closing) - timings are set out in the Cash and Securities Holidays file.

b. On half-day holidays, expected settlement results are 09:00 SD to 12:30 SD.

c. Time frame indicated is continuous (each transaction is confirmed as soon as it settles during the indicated time frame).

d. 23:30 SD-1 from 25 October 2020 - 27 March 2021.

e. On half-day holidays, expected settlement results are 12:00 SD to 12:30 SD.

f. Time frame indicated is batch-based (depending on the market volumes settled on a particular day, aggregate settlement results may become available in batch mode at any time during the indicated time frame).