Qatar: Temporarily shortened cash deadline
Clearstream Banking1 informs customers that that with effect from
17 April 2020 and until further notice
the Qatar Central Bank (QCB) has reduced working hours and changed the payment system timings.
Consequently, our cash deadline for Qatari Riyal (QAR) will be adjusted as follows during this period. As soon as we have new updates to the deadlines, we will notify customers again.
Cash deadlines
Current deadline | Pre-advice | Withdrawal | Transfer | FX |
17 April 2020 to 24 October 2020 | VD 09:30 | VD 09:30 | VD 20:00 | VD-2 11:30 |
Temporarily shortened deadline from 17 April until further notice | Pre-advice | Withdrawal | Transfer | FX |
17 April 2020 to 24 October 2020 | VD 09:00 | VD 09:00 | VD 20:00 | VD-2 11:30 |
Impact on customers
Customers are requested to take note of the changes and to send timely settlement and cash instructions to Clearstream Banking to avoid settlement and cash processing delays.
Further information
We will continue to monitor the situation and will inform customers when further news is received from the market.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.
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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.