Existing central bank payment and settlement services
Global time zone relationships: Opening hours of selected large-value interbank transfer systems
* The diagram shows the opening hours, as of August 1993, of selected interbank funds transfer systems as they relate to the same value day; some systems, including SAGITTAIRE and the ECU clearing system, may accept payment orders for a number of value days. As indicated, some systems open on the day before the value day. For Canada, settlement finality for IIPS occurs on the next business day, with retroactive value dating. Precise information on opening hours and cut-off times is provided in the table. For FEYSS, Fedwire and CHIPS, the cut-off time for third-party and international correspondents' payment orders is the same.
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Central Bank Payment and Settlement Services with respect to Cross-Border and Multi-Currency Transactions *
Existing central bank payment and settlement services
