*Updated October 2026
What are we changing?
We are updating our booking and settlement cut-off times and introducing changes to deal confirmations for unsettled deals.
- Updated Cut-Off Times: Same-day booking cut-off at 2:30 pm and unsettled deal processing at 5:00 pm.
- Enhanced Deal Confirmations: An additional confirmation will be issued for unsettled deals.
- Unsettled Deals: Deals may be reversed at the prevailing market rate if funds are not received by the contracted value date. Any resulting loss may be payable.
When does it change?
The changes will take effect from Sunday, 1 November 2026.
Why is it changing?
To provide greater clarity and transparency around deal booking and settlement, while aligning with industry standards.
What does it mean for me?
- Can I still book deals for same-day value? Yes, deals must be booked before 2:30 pm to be eligible for same-day value and funding received before 5:00pm
- What happens if you receive my funds after 5:00 pm? There will be no impact if the deal is not value dated for today.
- For unsettled deals value dated today, at 5:00pm the deal will be updated and a new confirmation will be issued. Any funds received after 5:00 pm will be applied to this updated deal.
- Will I be notified if my deal details change? Yes, an additional confirmation will be issued for unsettled deals, reflecting the latest deal details. Your Deal ID will not change.
Frequently Asked Questions
How can I book a same-day value deal?
The deal will automatically default to the next business day’s value date (TOM), but you will be able to amend the value date.
What happens if I want to book a deal for same-day value after 2:30 pm?
Please contact your account representative.
By what time must funds be received for settlement?
Funds must be received in your dedicated EbonFX account by 5:00 pm to be included in settlement processing for that day.
What happens if my deal remains unsettled?
The deal will be updated and you will receive an additional confirmation with the revised deal details.
What happens if funds are not received by the contracted value date?
The deal may be reversed at the prevailing market rate, and any resulting loss may be payable. Please ensure funds are sent in time to meet the contracted value date.