Improved settlement deadlines - Update
Note: This announcement, originally published on 23 October 2020, has been updated to reflect changes to deadlines applicable to Sweden. Changes have been highlighted.
Effective
23 November 2020
in line with our ongoing commitment to the enhancement of our settlement services, the customer deadlines at Clearstream Banking1 for Hong Kong – Bond Connect, Malaysia, Norway, Singapore and Sweden will be improved as follows.
Note: All times in this announcement are CET unless otherwise stated.
Hong Kong
Instruction | Current deadline | New deadline from 23 November 2020 | |
Bond Connect | |||
Receipts | AP | 01:35 SD | 03:30 SD |
Deliveries | AP | 01:35 SD | 03:30 SD |
Malaysia
Instruction | Current deadline | New deadline from 23 November 2020 | |
SSDS-eligible securities | |||
Receipts | FOP | 02:55 SD | 08:55 SD |
AP | 02:55 SD | 06:55 SD | |
Deliveries | FOP | 02:55 SD | 08:55 SD |
AP | 02:55 SD | 06:55 SD | |
Norway
Instruction | Current deadline | New deadline from 23 November 2020 | |
Receipts | FOP | 11:30 SD | 13:50 SD |
AP | 11:30: SD | 13:50 SD | |
Deliveries | FOP | 11:30 SD | 13:50 SD |
AP | 11:30 SD | 13:50 SD | |
Singapore
Instruction | Current deadline | New deadline from 23 November 2020 | |
Government securities (MAS) | |||
Receipts | FOP | 04:55 SD | 09:25 SD |
AP | 04:55 SD | 07:55 SD | |
Deliveries | FOP | 04:55 SD | 09:25 SD |
AP | 04:55 SD | 07:55 SD | |
Instruction | Current deadline | New deadline from 23 November 2020 | |
CDP-eligible securities – RTGS (2) | |||
Receipts | FOP | 09:55 SD | No change |
AP | 05:55 SD | 06:25 SD | |
Deliveries | FOP | 09:55 SD | No change |
AP | 05:55 SD | 06:25 SD | |
Sweden
Instruction | Current deadline | New deadline from 23 November 2020 | |
Bonds and other money market instruments | |||
Receipts | FOP | 08:55 SD | 12:50 SD |
AP | 08:55 SD | 12:50 SD | |
Deliveries | FOP | 08:55 SD | 12:50 SD |
AP | 08:55 SD | 12:50 SD | |
Instruction | Current deadline | New deadline from 23 November 2020 | |
Equities | |||
Receipts | FOP | 16:50 SD | 15:50 SD |
AP | 14:50 SD | 12:50 SD | |
Deliveries | FOP | 16:50 SD | 15:50 SD |
AP | 14:50 SD | 12:50 SD | |
The deadlines shown above are valid provided that your instructions are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market.
Customers are also reminded that they must ensure that any necessary provision is available and that the counterparty’s instruction is in place.
If either of these criteria is not met, Clearstream Banking cannot guarantee timely settlement.
Further information
The Settlement Timings Matrix and Creation Link Guides will be updated on 23 November 2020.
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.