Operations Timeline
The following is a schedule of the trading day, settlement timelines and end of day process.
7:16 PM: Futures trading opens on NYSE Liffe U.S.
2:00 AM: FICC’s netting, settlement and margining output released to members through Report Center. This will include NYPC Original and Variation Margin requirements.
8:30 AM: Fed Book Entry system open for securities transfers.
9:30 AM: Deadline for satisfaction of Clearing Fund deficiency call and Original Margin payments.
10:00 AM: Funds Only Settlement and Variation Margin payments are executed on behalf of FICC and NYPC.
10:00 AM: Deadline for Open Interest Adjustments.
12:00 PM: Intraday Funds-Only Settlement, Variation Margin, Clearing Fund and Original Margin calculations begin.
2:00 PM: All reporting available for Intraday funds settlement, Clearing Fund and Original Margin.
2:45 PM: All Clearing Fund deficiencies and Original Margin calls are due.
3:00 PM: Deadline for Nominating CUSIP'S for Treasury Deliveries.
3:15 PM: Funds Only Settlement and Variation Margin payments are executed on behalf of FICC and NYPC.
5:00 PM: Futures and options trading closes.
5:30 PM: End of day clearing begins through CPS.
8:00 PM: Deadline for final input to FICC of all trade data from current day.
9:00 PM: Deadline for Issuing Treasury Delivery Intents.
All times Eastern Time