Settlement Services: Changes to multiple markets
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.