The change of the T2S day starts at 18h45 on the D+1. A night-time process is scheduled between 20h00 and 3h00 and afterwards there is a technical maintenance window between 3h and 5h.
The night-time settlement process allows, in particular, the processing of new settlement instructions, settlement restrictions and liquidity transfers, as well as pending settlement instructions, in the settlement cycles.
The real-time settlement process begins at 5 am and ends:
The real-time settlement process allows the processing of requests for updates to static data, the settlement of new settlement instructions, settlement restrictions and liquidity transfers. There are also several windows dedicated to partial settlement.
The end of the day is scheduled for 18h.
Phase | Time | Description | |
Day-time settlement | 05h00 | Day-time settlement | |
16h00 | Cut-off for DVP and Cash settlement restrictions Release of unused cash settlement restrictions Release of unused cash settlement restrictions | ||
16h30 | Automatic reimbursement of collateral instructions for central bank auto-collateralisation Optional automatic cash sweep from DCA to linked RTGS account | ||
17h40 | Cut-off for Bilaterally Agreed Treasury Management (BATM) and Central Bank Operation (CBO) | ||
17h45 | Inbound liquidity transfer and automated cash sweep from DCA to linked RTGS account | ||
18h | Cut-off FOP and Securities settlement restriction | ||
Change of business day | 18h00 – 18h45 | End of day processing | |
End of day processing and night-time settlement | 18h45 – 20h00 | Start of day processing
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20h00 – 03h00 | Night-time settlement processing Real-time settlement processing (if night-time settlement ends before 3h)
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03h00 – 05h00 | Maintenance window
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The connection from T2S to T2 is based on a quasi-new procedure created for T2S (quasi new ancillary system interface model specially designed for T2S (e.g. quasi ASI model 7)).
Updated on: 08/10/2017 08:49