T2S Settlement processing at Easter and 1 May in 2019 - update
Note: This Announcement, originally published on 24 January 2019 has been amended to be more precise and to provide more information to customers.
LuxCSD1 informs customers about the securities settlement activities on the following public holidays:
- Good Friday, 19 April 2019;
- Easter Monday, 22 April 2019;
- Labour Day, 1 May 2019.
On these days, the T2S connectivity channels for T2S In-CSDs and customers acting in ICP/DCP mode will be available. Instructions can be sent to the T2S settlement platform and T2S will provide the reporting according to the T2S Operational Day.
On Good Friday, 19 April, Easter Monday, 22 April and Labour Day, 1 May 2019, LuxCSD settlement and reporting systems will be available for customers.
T2S modified the holiday calendar for the settlement days. Effective 2019, no domestic settlement will be executed on Good Friday and Easter Monday as the T2S settlement platform will be closed.
On the public holiday 1 May, T2S is open for settlement. The T2S platform processes free of payment instructions and DvP instructions in Danish Kroner (DKK).
LuxCSD recommends that customers review the liquidity needs for the respective settlement days and determine the liquidity requirements.
On these three public holidays, Clearstream Banking can process custody-related payments. In some circumstances, these days can be defined as record date for custody. If the announced record date is a public holiday according to the T2 calendar, the previous business day will be processed as record date.
Additional information is available in the Cash and Securities Holidays.
For further information, customers may contact LuxCSD Client Services or their Relationship Officer.
1. LuxCSD S.A. (LuxCSD), registered office at 42, Avenue J.F. Kennedy, L-1855 Luxembourg, registered with the Luxembourg Trade and Companies Register under number B-154.449.