Newsflash: CHAPS and CREST settlement day to be extended

The Bank of England, CHAPS Co and Euroclear UK & Ireland have announced that, from summer 2016, the CHAPS and CREST settlement day will be extended by one hour and forty minutes to 18:00. Direct participants in CHAPS and CREST are expected to pass on the full benefits of the changes to customers. An implementation date in summer 2016 will be confirmed by the end of August 2015.

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