Schedule

The schedule about the procedures of BME CLEARING Fixed Income are:

Time	Process
23:00 (T-1) (*)	Connecting systems.
	Files delivery.
	Receiving of settlement information.
From 8:00 to 15:50	Transactions registration with Intended Settlement Date same day (T).
From 8:00 to 15:50	Settlement Instructions with ISD = T are sent to IBERCLEAR.
From 8:00 to 18:20	Transactions registration with Intended Settlement Date different to T.
8:00, 8:15, 10:00, 10:15, 12:00, 12:00, 12:15, 14:00, 14:15, 15:45, 16:15	Files delivery.
From 18:00 to 19:00	Corporate Events adjustments originated by IBERCLEAR.
19:00	Netting of transactions with ISD T+1 (next day) - Night Cycle.
	Settlement Instructions are sent to IBERCLEAR.
	Transfer of netting transactions files - Night Cycles.
From 21:00 to 23:00	Transfer of End of Day (EoD) files.

(*) Starting times are approximate. They will depend on the end of the day processes.