CLS Delivery (all times CT unless noted)
| Foreign Currency Buyer | |
|
Buyer's Delivery Commitment |
11:00 AM on last day of trading |
| CLS Transaction Match | Clearing firm submits CLS transactions and reports to Clearing their CLS status. |
| Foreign Currency Seller | |
|
Seller's Delivery Commitment |
11:00 AM on last day of trading |
| CLS Transaction Match | Clearing firm submits CLS transactions and reports to Clearing their CLS status. |
Non CLS Delivery
| Foreign Currency Buyer | |
| Buyer's Non-CLS Delivery Commitment | By 11:00 AM in last day of trading* |
| Deposit or Order-to Pay | 1:00 PM local time of the currency on business day preceding delivery as applicable. |
| Settlement Day | Currency payments due into Deliveries agent bank by 10:00 a.m. local time in the currency’s country of origin. |
| Foreign Currency Seller | |
| Seller's Non-CLS Delivery Commitment | By 11:00 AM on last day of trading* |
| Deposit or Order-to Pay | 1:00 PM local time of the currency on business day preceding delivery as applicable. |
| Settlement Day | Currency payments due into Deliveries agent bank by 10:00 a.m. local time in the currency’s country of origin. |
*Turkish lira 5:00 PM London time