Annex 2 Local Settlement timing.pdf - Global Market Information
Annex 2 Local Settlement timing.pdf - Global Market Information
Annex 2 Local Settlement timing.pdf - Global Market Information
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Brazil<br />
<strong>Settlement</strong><br />
External settlement<br />
Same-day turnaround possibilities<br />
Internal Bridge Instruction<br />
REC/DEL<br />
Instruction<br />
AP/FOP<br />
Period (1)<br />
External instructions<br />
input deadline<br />
Positioning window (2)<br />
Expected <strong>timing</strong> for<br />
matching results<br />
Expected <strong>timing</strong> for<br />
settlement results<br />
Buy domestic/sell<br />
Euroclear Bank<br />
Buy Euroclear Buy domestic/<br />
Bank/sell domestic sell domestic<br />
Companhia Brasileira de Liquidação e Custódia (CBLC)<br />
Equities N N REC/DEL AP All year 18:30 on S-1 From the start of the real-time<br />
process to 18:30 on S-1<br />
Continuous from 14:00 to 20:00<br />
on S-1<br />
Continuous from 16:30 to 20:30<br />
on S<br />
N N N<br />
N N REC/DEL FOP (3) All year 18:30 on S-1 From the start of the real-time<br />
process to 18:30 on S-1<br />
Continuous from 14:00 to 20:00<br />
on S-1<br />
Continuous from 16:30 to 20:30<br />
on S<br />
N N N<br />
Câmara de Custódia e Liquidação (CETIP)<br />
Corporate bonds N N REC/DEL AP All year 18:30 on S From the start of the real-time<br />
process to 18:30<br />
Continuous from 15:00 to 23:00<br />
on S<br />
Continuous from 15:00 to 23:00<br />
on S<br />
N N N<br />
N N REC/DEL FOP (3) All year 18:30 on S From the start of the real-time<br />
process to 18:30<br />
Continuous from 15:00 to 23:00<br />
on S<br />
Continuous from 15:00 to 23:00<br />
on S<br />
N N N<br />
Sistema Especial de Liquidação e de Custódia (SELIC)<br />
Government bonds N N REC/DEL AP All year 18:30 on S From the start of the real-time<br />
process to 18:30<br />
Continuous from 15:00 to 23:00<br />
on S<br />
Continuous from 15:00 to 23:00<br />
on S<br />
N N N<br />
N N REC/DEL FOP (3) All year 18:30 on S From the start of the real-time<br />
process to 18:30<br />
Continuous from 15:00 to 23:00<br />
on S<br />
Continuous from 15:00 to 23:00<br />
on S<br />
N N N<br />
(1)<br />
Our input deadlines take into consideration daylight saving time only where it is effectively observed. This column indicates<br />
when the input deadlines apply.<br />
(2)<br />
Positioning is possible before S when the domestic market:<br />
- has an overnight batch process; or<br />
- provides matching results before S.<br />
Positioning windows before S are marked in italics.<br />
(3)<br />
Only when the beneficial owner is both the transferor and transferee.
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