Settlement times - Poland

The deadlines shown below are valid provided that the client's instructions are complete, accurate and eligible for straight-through processing (STP) in CBL and in the local market. Clients 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 client 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 Client 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, Clients are advised to input instructions at least 15 minutes before the associated deadline.

Note for CEU clients: Please be advised that settlement instructions sent to CEU are subject to the applicable settlement cycles of the TARGET2-Securities (T2S) platform. During T2S Real-Time Settlement (RTS) hours—between 05:00 and 18:00 CET—CEU clients are strongly encouraged to submit instructions at least 15 minutes in advance of deadlines stated below to allow sufficient time for processing. 

Outside of RTS hours, including during night-time settlement, scheduled T2S maintenance windows, or periods when T2S may be temporarily unavailable, processing delays may be longer. Clients should refer to CASCADE/T2S settlement cycles  documentation to ensure alignment with cut-off times and operational schedules. For market deadlines outside of RTS hours, clients are advised to submit their instructions at least 15 min before the end of RTS processing in T2S. 

 Note: Settlement against EUR is only available for CBL clients.