Settlement Services: Changes to multiple markets

20.10.2020

Clearstream Banking1 would like to inform customers that effective settlement date

23 November 2020

changes will occur to the provisioning start times for multiple domestic markets.

Impact on customers

The start of settlement provisioning for receipt against payment through Clearstream Banking for settlement in Australia, Greece (ATHEXCSD), Romania, Norway, Cyprus, Poland, Philippines, New Zealand, Slovak Republic, Czech Republic and in T2S eligible securities (Germany, Italy, France, Belgium, Netherlands, Austria, Malta, Baltics (Latvia, Lithuania and Estonia) and Greece (BOGS)) will be updated as follows.

Note: All times in this announcement are CET unless otherwise stated.

Australia

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Austraclear-eligible securities

Receipts

AP

15:00 SD-1

20:05 SD-1

Greece

Instruction

Current provisioning start

New provisioning start from 23 November 2020

ATHEXCSD eligible securities

Receipts

AP

15:00 SD-1

19:30 SD-1

Romania

Instruction

Current provisioning start

New provisioning start from 23 November 2020

RoClear (CSD) eligible bonds and equities

Receipts

AP

21:30 SD-2

07:00 SD-1

Norway

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Receipts

AP

11:25 SD-1

13:00 SD-1

Cyprus

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Receipts

AP

11:00 SD-1

19:30 SD-1

Poland

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Equities and warrants - all counterparties

Receipts

AP

03:00 SD-1

15:30 SD-1

T-bonds

Receipts

AP

15:00 SD-1

15:30 SD-1

T-bills

Receipts

AP

14:30 SD-1

15:30 SD-1

Covered, corporate and municipal bonds

Receipts

AP

15:00 SD-1

15:30 SD-1

Philippines

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Receipts

AP

03:00 SD-1

08:00 SD-1

New Zealand

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Receipts

AP

03:05 SD-1

20:05 SD-1

Slovak Republic

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Receipts

AP

15:45 SD-1

19:30 SD-1

Czech Republic

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Bonds, equities and ETFs/CSD eligible open-ended funds

Receipts

AP

11:30 SD-1

21:30 SD-1

T-bills

Receipts

AP

10:00 SD-1

21:30 SD-1

Settlement in T2S eligible securities (Germany, Italy, France, Belgium, Netherlands, Austria, Malta, Baltics (Latvia, Lithuania and Estonia) and Greece (BOGS)

Instruction

Current provisioning start

New provisioning start from 23 November 2020

Receipts

 

AP

18:05 SD-1

19:30 SD-1

Customers should take note that there are not any changes to receipt FOP deadlines or to any delivery instructions.

The timings shown above are valid provided that customers’ instructions are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market.

Further information

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.