Settlement times - Luxembourg - LuxCSD
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 for all T2S eligible securities
Instruction | Provisioning | Deadline for receipt of | Expected settlement results | ||||
start | end | from | to | value | |||
AP=Against payment in EUR, FOP=Free of payment SD=Settlement date | |||||||
Receipts | FOP | 18:05a | 17:55b | 17:50 | 22:00c | 18:00 | |
AP | 18:05a | 15:55b | 15:50 | 22:00c | 18:00 | SD | |
Deliveries | FOP | 18:05a | 17:55b | 17:50 | 22:00c | 18:00 | |
AP | 18:05a | 15:55b | 15:50 | 22:00c | 18:00 | SD | |
a. Start of provision time for CBF is 20:00 SD-1 (start of Night-time Settlement NTS for CBF and LuxCSD)
b. Instructions received from CBF customers after 15:55 (DvP) and 17:55 (FoP) are settled on a "best efforts" basis only.
c. For CBF customers, the first results from NTS cycle can be expected around 22:20 SD-1.