Settlement times - Serbia
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 of cash and securities 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)
| Instruction | Provisioning | Deadline for receipt of valid instruction | Expected settlement results | ||||
| start | end | from | to | value | |||
| FOP=Free of payment SD=Settlement date | |||||||
| Debt securities - domestic counterparty | |||||||
| Receipts | AP/FOP | 21:30 SD-2 | 11:00 | 11:00 | 08:00 SD | 18:00 SD | SD |
| Deliveries | AP/FOP | 21:30 SD-2 | 11:00 | 11:00 | 08:00 SD | 18:00 SD | SD |
a. Customers must pre-fund their RSD account in CBL for receipt against payment settlement instructions. Cash will be reserved for settlement onto the CBL technical account 51274 until the settlement is confirmed and received by the market. For cash format, please refer to Market Link Guide - Cash services.
If there is a pre-funding failure, then the instructions will remain in “Money Provision” until the account is duly funded.