Settlement times - Indonesia
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 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 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.
Settlement times in Central European Time (CET)
31 March 2024 – 26 October 2024
| Instruction | Provisioning | Deadline for receipt of valid instruction | Expected settlement results | ||||
| start | end | from | to | value | |||
| AP=Against payment FOP=Free of payment SD=Settlement date (rtp)=Real-time processing | |||||||
| Receipts | FOP | 05:00 SD-1 | 04:55 SD | 04:55 SD | SD (rtp) | ||
AP | 11:30 SD-1 | 04:55 SD | 04:55 SD a | SD (rtp) | SD | ||
| Deliveries | FOP | 11:30 SD-1 | 04:55 SD | 04:55 SD | SD (rtp) | ||
AP | 11:30 SD-1 | 04:55 SD | 04:55 SD a | SD (rtp) | SD | ||
a. When a sale or purchase of IDR is required for securities settlement, the settlement instructions must be received by CBL not later than 11:30 on SD-2. Credit facilities in IDR are not available for foreign investors. Customers that do not require an FX transaction to cover settlement of securities transactions must fund the IDR account of Clearstream Banking with Citibank at the latest by 12:00 (Jakarta time) on SD-1. Failure to meet this deadline may incur penalties, which will be passed on to the relevant clients.
27 October 2024 – 29 March 2025
| Instruction | Provisioning | Deadline for receipt of valid instruction | Expected settlement results | ||||
| start | end | from | to | value | |||
| AP=Against payment FOP=Free of payment SD=Settlement date (rtp)=Real-time processing | |||||||
| Receipts | FOP | 04:00 SD-1 | 03:55 SD | 03:55 SD | SD (rtp) | ||
AP | 10:30 SD-1 | 03:55 SD | 03:55 SD a | SD (rtp) | SD | ||
| Deliveries | FOP | 10:30 SD-1 | 03:55 SD | 03:55 SD | SD (rtp) | ||
AP | 10:30 SD-1 | 03:55 SD | 03:55 SD a | SD (rtp) | SD | ||
a. When a sale or purchase of IDR is required for securities settlement, the settlement instructions must be received by CBL not later than 11:30 on SD-2. Credit facilities in IDR are not available for foreign investors. Customers that do not require an FX transaction to cover settlement of securities transactions must fund the IDR account of Clearstream Banking with Citibank at the latest by 12:00 (Jakarta time) on SD-1. Failure to meet this deadline may incur penalties, which will be passed on to the relevant clients.
Settlement times in Jakarta Time
All year
| Instruction | Provisioning | Deadline for receipt of valid instruction | Expected settlement results | ||||
| start | end | from | to | value | |||
| AP=Against payment FOP=Free of payment SD=Settlement date (rtp)=Real-time processing | |||||||
| Receipts | FOP | 10:00 SD-1 | 09:55 SD | 09:55 SD | SD (rtp) | ||
AP | 16:30 SD-1 | 09:55 SD | 09:55 SD a | SD (rtp) | SD | ||
| Deliveries | FOP | 16:30 SD-1 | 09:55 SD | 09:55 SD | SD (rtp) | ||
AP | 16:30 SD-1 | 09:55 SD | 09:55 SD a | SD (rtp) | SD | ||
a. When a sale or purchase of IDR is required for securities settlement, the settlement instructions must be received by CBL not later than 11:30 on SD-2. Credit facilities in IDR are not available for foreign investors. Customers that do not require an FX transaction to cover settlement of securities transactions must fund the IDR account of Clearstream Banking with Citibank at the latest by 12:00 (Jakarta time) on SD-1. Failure to meet this deadline may incur penalties, which will be passed on to the relevant clients.