Changes in Settlement Deadlines on 29 December

AO UniCredit Bank
Summary: 
Due to New Year and Christmas public holidays in Russia from 1 till 8 January 2018, AO UniCredit Bank will be closed for business and will resume its operations on 9 January 2018. Standard settlement deadlines have been modified for 29 December 2017, the last working day in 2017.
Wed, 27/12/2017

Please be advised that on 29 December 2017 AO UniCredit Bank GSS will provide regular general client services from 9.00 till 4.30 p.m. (Msc time).   

Due to the fact that 29 December will be the last working day in 2017, standard settlement deadlines will be reduced as follows:

  • Deadline for instructing of OTC FOP - 4:30 p.m. (Msc time);
  • Deadline for instructing of OTC DVP in USD - 4:30 p.m. (Msc time);
  • Deadline for RUB funding – 12:00 p.m. (Msc time);
  • Deadline for instructing of OTC DVP in RUB - 2:30 p.m. (Msc time). Instructions not settled during 3 p.m. clearing session on December 29, 2017 will be settled with value date January 09, 2018.

Important: with reference to the end-of-year working schedule for your cash accounts, provided by AO UniCredit Bank Correspondent Banking Department to your attention via e-mail and SWIFT, on December 29, 2017 the execution of clients’ payments instructions will be processed on the basis of the actual balances on your accounts with AO UniCredit Bank. Any Intraday overdraft facilities will be waived for this date. Any unexecuted payments on December 29, 2017 (because of insufficient cover) will be processed on the first next working day - January 09, 2018.

AO UniCredit Bank will resume its activities on Tuesday, January 09, 2018. Settlement cycle T+N will be delayed by six working days.

Impact on investors: The settlement of clients’ instructions during public holidays period will be executed by AO UniCredit Bank subject to the conditions mentioned above.