United Kingdom: Debt securities - improved free of payment settlement deadline
Effective settlement date
18 November 2019
Clearstream Banking1 will introduce improved free of payment settlement deadlines for transactions on UK gilts and other debt securities eligible on Clearstream Banking’s direct link to Euroclear CREST system.
Impact on customers
Note: All times in this announcement are CET unless otherwise stated.
The free of payment settlement deadline will be improved as follows:
Receipts and deliveries FOP
The Clearstream Banking Market Link Guide – United Kingdom debt securities and Settlement Timings Matrix will be updated on 18 November 2019 with the new deadline.
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.