Custodian cut-off times. Cross-Border Custody

Dear participants,

The DCV would like to remind you that, due to changes to international timetables, the security staff’s shift end times have been adjusted as outlined in the 3 March bulletin.

The cut-off times, both for the registration of instructions in DCVe and for the receipt of operational funds, are available in the International Custody Service’s operational guide.

CITIBANK			Winter in Chile (Same time as NY)	Summer in Chile (2 hours ahead of NY)	1 hour ahead of NY
Registration of securities instructions in DCVe		Free of payment	4:00 pm	5:00 pm	5:00 pm
		Against payment	2:00 pm	4:00 pm	3:00 pm
Funds transfer	USD	Automatic allocation	2:00 pm	4:00 pm	3:00 pm
		Manual allocation	12:00 pm	2:00 pm	3:00 pm
DCV – BVE Exchange		Free of payment	4:00 pm	5:00 pm	5:00 pm
EUROCLEAR			Winter in Chile (6 hours less difference with Belgium)	Summer in Chile (4 hours less difference with Belgium)	5 hours behind Belgium
Registration of securities instructions in DCVe		Free of payment	12:00 pm	2:00 pm	1:00 pm
		Against payment	11:00 am	1:00 pm	12:00 pm
Funds transfer	USD	Automatic allocation	12:00 pm	2:00 pm	1:00 pm
		Manual allocation	11:00 am	1:00 pm	12:00 pm
Funds transfer	EUR	Automatic allocation	9:00 am	11:00 am	10:00 am
		Manual allocation	8:00 am	10:00 am	9:00 am

We would also remind depositors who manage their own liquidity returns (self-return) to take into account our custodians’ cut-off times when instructing cash transfers. We would therefore be grateful if you could take the necessary steps to ensure that such transfers do not exceed the limit in the event of any unforeseen circumstances.

• Euroclear: 01:30 PM – Nueva York time
• Citibank: 04:30 PM – Nueva York time