Settlement times - Denmark

29.10.2018

The deadlines shown below are valid provided that the customer 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.

T2S

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date
ReceiptsFOP07:00
SD-1
17:40
SD
17:40
SD
22:00
SD-1
18:00
SD
AP - DKK07:00
SD-1
15:40
SD
15:40
SD
22:00
SD-1
18:00
SD
SD

AP - EUR16:00
SD-1
15:40
SD
15:40
SD
22:00
SD-1
18:00
SD
SD
DeliveriesFOP07:00
SD-1
17:40
SD
17:40
SD
22:00
SD-1
18:00
SD
AP - DKK07:00
SD-1
15:40
SD
15:40
SD
22:00
SD-1
18:00
SD
SD

AP - EUR16:00
SD-1
15:40 SD15:40 
SD
22:00
SD-1
18:00
SD
SD

VP system

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment SD=Settlement date
ReceiptsFOP21:30
SD-1
14:00
SD
14:00
SD
22:00
SD-1
18:00
SD


AP21:30
SD-1
11:45
SD
11:45
SD

22:00
SD-1
18:00
SD
SD
DeliveriesFOP21:30
SD-1
14:00
SD
14:00
SD
22:00
SD-1
18:00
SD


AP21:30
SD-1
11:45
SD
11:45
SD

22:00
SD-1
18:00
SD
SD

a. Instructions sent after 11:45 on SD will be treated on a “best efforts” basis to be included in the VP system. After this time, only trades settling via VP's account-to-account transfer system are accepted. Settlement of account-to-account transfers depends on acceptance by the counterparty’s local custodian and the CBL customer must include that they want to “settle with method” in their settlement instruction.

Note: To ensure that the settlement confirmations enter CBL's start of real-time processing, the following conditions apply:

  • The instruction must be received in CBL by 16:45 SD-1.
  • The instruction must be pre-matched by Danske Bank before 17:00 SD-1.