New Zealand: Improved settlement deadlines
Clearstream Banking1 advises customers that, with effect from
Monday 17 October 2016
settlement deadlines for receipt and delivery against payment instructions in New Zealand will be further improved.
The improved deadlines are part of Clearstream Banking’s ongoing commitment to enhance its settlement services.
Impacts on customers
Clearstream Banking’s improved deadline for against payment instructions will be as follows:
Instruction | Current deadline | New deadline from 17 October 2016 |
Receipt and delivery against payment | 17:00 CET on SD-1 | 04:00 CET on SD |
03:00 NZST on SD | 15:00 NZDT on SD |
Note: NZDT - New Zealand Daylight Time, NZST - New Zealand Standard Time
There will be no change to current deadlines for FOP transactions.
Further information
The Creation Link Guide - New Zealand will be updated in due course.
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 Frankfurt (CBF) customers using CreationOnline), registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.