Australia: New improved settlement deadlines
Clearstream Banking1 advises customers that, with effect from
Monday 8 February 2016
settlement deadlines for receipt and delivery against payment instructions on the Australian market will be improved for ASX-listed and CHESS-eligible securities.
The improved deadlines are part of Clearstream Banking’s ongoing commitment to enhance its settlement services.
Impact on customers
Clearstream Banking’s improved deadlines for against payment instructions for ASX-listed and CHESS-eligible securities on the Australian market will be as follows:
Central European Time (CET)
Instruction | Current deadline | New deadline from |
ASX-listed and CHESS-eligible securities | ||
| SD=Settlement date | ||
Receipt and delivery against payment | 20:00 on SD-1 | 22:55 on SD-1 |
Further information
The Creation Link Guide - Australia and related documentation will be updated accordingly.
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 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.