Annex 2 Local Settlement timing.pdf - Global Market Information

Hungary
Settlement
External settlement
Same-day turnaround possibilities
Internal (1) Bridge (2) Instruction
REC/DEL
Instruction
AP/FOP
Period (3)
External instructions
input deadline
Positioning window
Expected timing for
matching results
Expected timing for
settlement results
Buy domestic/sell
Euroclear Bank
Buy Euroclear Buy domestic/
Bank/sell domestic sell domestic
KELER
Government and corporate
debt securities
Y Y REC/DEL AP All year 16:25 on S From the start of the real-time
process to 17:30 on S
Continuous from 09:00 to 17:45
on S
Continuous from 09:00 to 17:45
on S
Y Y N
Y Y REC/DEL FOP All year 17:25 on S From the start of the real-time
process to 18:00 on S
Continuous from 09:00 to 17:30
on S
Continuous from 09:00 to 18:00
on S
Y Y Y
(1)
(2)
(3)
The input deadlines for internal instructions are as follows:
- Batch process 22:00 on S-1 for SET1 (AP/FOP instructions) and 00:30 on S for SET2 (AP/FOP instructions)
- Automatic real-time process 15:30 on S (AP instructions in ARS, CAD, EUR, GBP, MXN, PEN, USD and UYU and FOP instructions)
- Automatic real-time process 14:00 on S (AP instructions in all other currencies)
- Optional real-time process 18:30 on S (AP and FOP instructions).
For more information on internal settlement, please refer to Services > Settlement > Settlement in commercial bank money > Internal
settlement on www.euroclearbank.com.
The input deadlines for Bridge instructions are as follows:
- Batch process 20:30 on S-1(AP/FOP instructions)
- Automatic real-time process 13:00 on S (AP/FOP instructions)
- Optional real-time process 15:00 on S (AP), 16:00 on S (FOP).
For more information on Bridge settlement, please refer to Services > Settlement > Settlement in commercial bank money > Bridge
settlement on www.euroclearbank.com.
Our input deadlines take into consideration daylight saving time only where it is effectively observed. This column indicates
when the input deadlines apply.