Settlement times

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.

Settlement times in Central European Time (CET)

summertime

Instruction		Provisioning		Deadline for receipt of valid instruction	Expected settlement results
Instruction		start	end	Deadline for receipt of valid instruction	from	to	value
FOP=Free of payment SD=Settlement date
Receipts	FOP	21:30 SD-1	07:00 SD	07:00 SD	07:00 SD	09:00 SD
Deliveries	FOP	21:30 SD-1	07:00 SD	07:00 SD	07:00 SD	09:00 SD

wintertime

Instruction		Provisioning		Deadline for receipt of valid instruction	Expected settlement results
Instruction		start	end	Deadline for receipt of valid instruction	from	to	value
FOP=Free of payment SD=Settlement date
Receipts	FOP	21:30 SD-1	06:00 SD	06:00 SD	06:00 SD	08:00 SD
Deliveries	FOP	21:30 SD-1	06:00 SD	06:00 SD	06:00 SD	08:00 SD