Clearstream has extended its daytime processing period by up to two hours to 18:00 CET. This means it now covers 13 hours of the day. The ICSD has at the same time set new cash and securities deadlines.
Clearstream says that, through these extended processing capabilities and improved deadlines, customers will benefit from enhanced liquidity in securities processing and from more flexibility for managing their cash.
The new continuous daytime settlement processing period extends through to 18:00 CET. As a result, deadlines have been extended for internal instructions, securities instructions and cash instructions.
“These improvements, delivered in line with Clearstream’s commitment to efficiency and customer service, further increase the interoperability with domestic markets notably in the U.S. time zone,” says Chief Operating Officer Matthias Ganz. “Customers will be able to achieve savings through significantly improved market access and more flexibility in cash and securities management.”