Settlement times - Slovak Republic

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.

Instruction

Provisioning

Deadline for receipt of valid instruction

Expected settlement resultsa

start

end

from

to

value

AP=Against payment FOP=Free of payment SD=Settlement date

Receipts

FOP

16:00
SD-1

17:35
SD

17:35
SD

22:00
SD-1

18:00
SD

 

AP

15:45
SD-1

15:40
SD

15:40
SD

22:00
SD-1

18:00
SD

SD

Deliveries

FOP

16:00
SD-1

17:35
SD

17:35
SD

22:00
SD-1

18:00
SD

 

AP

15:45
SD-1

15:40
SD

15:40
SD

22:00
SD-1

18:00
SD

SD

a. Settlement results depend on the time of instruction input in the Slovak settlement system. Settlement results for instructions input on SD-1 are expected between 09:30 and 12:00; for instructions input on SD, results are expected between 16:30 and 18:30.