Settlement times - Switzerland

25.07.2017

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.

SECOM Settlement Times

InstructionProvisioningDeadline for receipt of valid instructionExpected settlement results
startendfromtovalue
AP=Against payment FOP=Free of payment SD=Settlement date
Settlement free of payment
 FOP21:30 SD-120:35 SD20:00 SD06:00 SD22:00 SD 
Settlement against payment in CHF
 AP21:30 SD-115:55 SD15:55 SD06:00 SD18:00 SDSD
Settlement against payment in GBP
21:30 SD-114:40 SD14:40 SD06:00 SD18:00 SDSD
Settlement against payment in USD
 AP21:30 SD-113:25 SD13:25 SD06:00 SD18:00 SDSD

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

T2S Settlement Times

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

Settlement receipt free of payment

FOP

17:00 SD-1

16:55 SD

16:55 SD

05:00 SD

18:00 SD

Settlement delivery free of payment

FOP

21:30 SD-1

16:55 SD

16:55 SD

05:00 SD

18:00 SD

Settlement against payment in EUR

AP

21:30 SD-1

15:10 SD

15:10 SD

05:00 SD

18:00 SD

SD