Cut-off times

For daily pass-through cash flows (VM incl. PAI, coupons, premiums, upfront/novation/termination fees etc), debits are instructed by 07:00 CET and must be funded by the CM for EUR & USD latest by 08:00 CET, CHF & GBP by 09:00 CET; cash credits will be instructed afterwards.

In case JPY is utilized as cash collateral currency a pre-advice for deposits and withdrawals is required by 2pm CET on T-2.

During daylight saving/summer period the times are in CEST time zone.