Settlement times - International (LuxCSD)
The deadlines shown below are valid provided that the customer's instructions are complete, accurate and eligible for straight-through processing (STP) in LuxCSD. Customers must also ensure that any necessary provision is available. If any of these criteria are not met, LuxCSD cannot guarantee timely settlement. Instructions received after the deadline will be processed on a "best efforts" basis.
Important Note: As part of LuxCSD’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, 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.
LuxCSD customers receiving from/delivering to counterparties in CBL
Instruction | Provisioning | Deadline for receipt of | Expected settlement results | ||||
start | end | from | to | value | |||
FOP=Free of payment SD=Settlement date | |||||||
Receipts | FOP | 20:00 | 18:00 | 17:45 | 20:20 | 18:00 | SD |
Deliveries | FOP | 20:00 | 18:00 | 17:45 | 20:20 | 18:00 | SD |
a. All deadlines refer to straight-through processing instructions in LuxCSD and depend on timely LuxCSD matching and sufficient cover.
LuxCSD customers receiving from/delivering to counterparties in EB
Instruction | Provisioning | Deadline for receipt of | Expected settlement results | ||||
start | end | from | to | value | |||
FOP=Free of payment SD=Settlement date | |||||||
Receipts | FOP | 20:00 | 18:00 | 17:50 | 20:20 | 18:00 | SD |
Deliveries | FOP | 20:00 | 18:00 | 17:40 | 20:20 | 18:00 | SD |
a. All deadlines refer to straight-through processing instructions in LuxCSD and depend on timely LuxCSD matching and sufficient cover.