Settlement times - International (CEU)
The deadlines shown below are valid provided that the client's instructions are complete, accurate and eligible for straight-through processing (STP) in CEU, 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, CEU cannot guarantee timely settlement. Instructions received after the deadline will be processed on a "best efforts" basis.
Important Note: As part of CEU’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, 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.
CEU clients receiving from/delivering to counterparties in CBL
Instruction | Provisioning | Deadline for receipt of | Expected settlement results | ||||
start | end | from | to | value | |||
AP=Against payment FOP=Free of payment SD=Settlement date | |||||||
Receipts | FOP | 20:00 | 18:00 | 17:45 | 20:20 | 18:00 | SD |
AP (non-€ CoBM) | 20:00 | 18:00 | 17:45 | 20:20 | 18:00 | ||
AP (€ CeBM) | 20:00 | 16:00 | 15:40 | 20:20 | 16:00 | ||
Deliveries | FOP | 20:00 | 18:00 | 17:45 | 20:20 | 18:00 | SD |
AP (non-€ CoBM | 20:00 | 18:00 | 17:45 | 20:20 | 18:00 | ||
AP (€ CeBM) | 20:00 | 16:00 | 15:40 | 20:20 | 16:00 | ||
a. All deadlines refer to online placement in CASCADE and depend on timely CBL matching and sufficient cover.
b. Start of Night-Time Settlement (NTS) in T2S.
c. Instructions for the same value date must be entered and matched in T2S by the counterparties before the deadline of 15:40 in order to be settled on the same day.
CEU clients receiving from/delivering to counterparties in EB
Instruction | Provisioning | Deadline for receipt of | Expected settlement results | ||||
start | end | from | to | value | |||
AP=Against payment FOP=Free of payment SD=Settlement date | |||||||
Receipts | FOP | 20:00 | 18:00 | 17:50 | 20:20 | 18:00 | SD |
AP (non-€ CoBM) | 20:00 | 18:00 | 17:50 | 20:20 | 18:00 | ||
AP € CeBM | 20:00 | 16:00 | 15:50 | 20:20 | 16:00 | ||
Deliveries | FOP | 20:00 | 18:00 | 17:40 | 20:20 | 18:00 | SD |
AP (non-€ CoBM) | 20:00 | 18:00 | 17:40 | 20:20 | 18:00 | ||
AP € CeBM | 20:00 | 16:00 | 15:40 | 20:20 | 16:00 | ||
a. All deadlines refer to online placement in CASCADE and depend on timely CBL matching and sufficient cover.
b. Start of Night-Time Settlement (NTS) in T2S.
c. Instructions for the same value date must be entered and matched in T2S by the counterparties before the deadline of 15:40 in order to be settled on the same day.