Transaction Processing

General

On order book trading on the SWX only covers spot and cash transactions in securities listed on the SWX. Such transactions are settled on T+3, the third business day after execution.

Participants are responsible for the timely settlement of the trades
(See Point 4.9 GC - Subject of on-order book trading)

Generating Settlement Instructions

All eligible securities executed on the order book generate automatic "locked-in" instructions for clearing & settlement, which are delivered to SIS or other relevant CSDs. Off order book transactions can be eligible for automatic instruction generation providing the member does not submit these as "manual" settlement and providing that these eligible securities can also be cleared.