Settlement times – Finland
The deadlines shown below are valid provided that the client's instructions are complete, accurate and eligible for straight-through processing (STP) in CBL and in the local market. Clients 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 client 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 client 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, clients are advised to input instructions at least 15 minutes before the associated deadline.
Note: All times are Central European Time (CET).
| Instruction | Provisioning | Deadline for receipt of valid instruction | Expected settlement results a | ||||
| start | end | from | to | value | |||
| AP=Against payment FOP=Free of payment SD=Settlement date | |||||||
| All securities eligible in Euroclear Finland - Infinity a, b | |||||||
| Receipts | FOP | 20:05 SD-1 | 17:45 SD | 17:45 SD | 08:00 SD | 18:00 SD | |
AP | 20:05 SD-1 | 15:45 SD | 15:45 SD | 08:00 SD | 18:00 SD | SD | |
| Deliveries | FOP | 20:05 SD-1 | 17:45 SD | 17:45 SD | 08:00 SD | 18:00 SD | |
AP | 20:05 SD-1 | 15:45 SD | 15:45 SD | 08:00 SD | 18:00 SD | SD | |
a. The regular deadline for cancellations and amendments is 17:45 on SD-1.
The deadline for cancellations and amendments of transactions due to settle or to be cancelled on the first full business day following a Finnish half-day business day is 07:00 on SD-1.
b. Instructions received after the above deadlines but before the market deadline will be released and processed on a “best-efforts” basis.