Poland: Improved settlement deadlines
Effective value date
4 June 2012
in line with our ongoing commitment to the enhancement of our settlement services, the customer deadline for receipt at Clearstream Banking1 of valid external instructions in the Polish market will be improved as follows:
| Current deadline | New deadline from 4 June 2012 | ||
| Polish equities | Receipt and delivery free of payment | 11:55 SD | 12:25 SD |
| Receipt and delivery against payment (OTC) | 16:55 SD-1 | 12:25 SD | |
| Receipt and delivery against payment (Stock exchange) | 16:55 SD-1 | 08:55 SD | |
| Polish T-bonds | Receipt and delivery free of payment | 14:40 SD | 14:45 SD |
| Receipt and delivery against payment | 13:30 SD | 14:30 SD | |
| Polish T-bills | All instructions | 12:55 SD | 13:55 SD |
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 CBL and in the local market.
You are also reminded that you must ensure that any necessary provision is available.
If either of these criteria is not met, we cannot guarantee timely settlement.
Further information
The Creation Market Guide and related information, available on the Clearstream Banking website, http://www.cedel-international.com/, under Information Centre, will be updated on the effective date.
For further information, please contact Clearstream Banking Customer Service or your Relationship Officer.
1. Clearstream Banking refers to Clearstream Banking, société anonyme, 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 (CBL).