Finland: Improved FOP settlement deadlines for bonds
Effective settlement date
15 June 2015
in line with our ongoing commitment to the enhancement of our settlement services, the customer deadlines for receipt at Clearstream Banking1 of valid free of payment external instructions related to the Finnish securities in Infinity will be improved as follows:
Enhanced securities deadlines
| Current deadline | New deadline from 15 June 2015 |
Government bonds and money market instruments – Infinity | ||
Receipt and delivery free of payment | 15:55 | 16:55 |
The deadline for against payment instructions and instructions settling in Hexclear (OM system) will remain unchanged. | ||
Note: All times are Central European Time (CET).
The deadlines shown above are valid provided that your instructions are complete, accurate and eligible for straight-through processing (STP) in Clearstream Banking and in the local market.
You are also reminded that you must ensure that any necessary provision is available and that the counterparty’s instruction is in place.
If either of these criteria are not met, we cannot guarantee timely settlement.
Further information
The Creation Link Guide - Finland and related information, available on the Clearstream Banking website, under Products and Services, will be updated on the effective date.
For further information, please contact Clearstream Banking Client Services or your Relationship Officer.
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1. Clearstream Banking refers to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Register of Commerce and Companies under number B-9248.