T2S Settlement processing at Easter and 1 May in 2019 - update
Note: This Announcement, originally published on 24 January 2019 has been amended to be more precise and to provide more information to customers.
Clearstream Banking1 informs customers about the securities settlement activities on the following public holidays:
- Good Friday, 19 April 2019;
- Easter Monday, 22 April 2019;
- Labour Day, 1 May 2019.
On Good Friday, Easter Monday and 1 May 2019, settlement and reporting systems will be available for Clearstream Banking customers.
T2S modified the holiday calendar for the settlement days. Effective 2019, no domestic settlement will be executed on Good Friday and Easter Monday as the T2S settlement platform will be closed.
On the public holiday 1 May, T2S is open for settlement. The T2S platform processes free of payment instructions and DvP instructions in Danish Kroner (DKK).
Domestic transactions against other T2S markets with closing days that differ from the T2S holiday calendar will remain pending on those closing days until the next business day.
Clearstream Banking recommends that customers review their liquidity needs for the respective settlement days and determine their liquidity requirements.
On these three public holidays, Clearstream Banking can process custody-related payments. In some circumstances, these days can be defined as record date for custody. If the announced record date is a public holiday according to the T2 calendar, the previous business day will be processed as record date.
Additional information is available in the Cash and Securities Holidays.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG (for Clearstream Banking AG customers using Creation Accounts), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.