Settlement times - Luxembourg - LuxCSD
The deadlines shown below are valid provided that the clientss 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.
Settlement times for all T2S eligible securities
Instruction | Provisioning | Deadline for receipt of | Expected settlement results | ||||
start | end | from | to | value | |||
AP=Against payment in EUR, FOP=Free of payment SD=Settlement date | |||||||
Receipts | FOP | 18:05a | 17:55b | 17:55 | 22:00c | 18:00 | |
AP | 18:05a | 15:55b | 15:55 | 22:00c | 18:00 | SD | |
Deliveries | FOP | 18:05a | 17:55b | 17:55 | 22:00c | 18:00 | |
AP | 18:05a | 15:55b | 15:55 | 22:00c | 18:00 | SD | |
a. Start of provision time for CEU is 20:00 SD-1 (start of Night-time Settlement NTS for CEU and LuxCSD)
b. Instructions received from CEU clients after 15:55 (DvP) and 17:55 (FoP) are settled on a "best efforts" basis only.
c. For CEU clients, the first results from NTS cycle can be expected around 22:20 SD-1.