Get payment system cutoff times for major clearing systems.
Covers RTGS (T2 — formerly TARGET2, CHAPS, Fedwire, BOJ-NET, SIC),
net settlement (CHIPS, BACS), SEPA schemes (SCT, SCT Inst, OCT Inst,
SDD Core, SDD B2B), FX settlement (CLS, FXYCS), and other systems
(CIPS, SPEI, FAST).
For same-day EUR guidance: filter by currency="EUR" to retrieve all
SEPA schemes plus T2 in one call — the scheme-level view is usually
what treasurers need. Underlying CSMs (TIPS, RT1, EURO1, STEP2) are
referenced in scheme notes.
DST-observing systems also carry `season_now` and `operative_cutoff_today`
fields computed for the current date. cutoff_utc/cutoff_local are the
STANDARD-TIME (winter) values; summer_offset holds the DST value. Quote the
cutoff that `operative_cutoff_today` points at for TODAY's season — do not
default to the winter figure when DST is currently in force (e.g. the T2
customer cutoff is 15:00 UTC in summer, not the 16:00 UTC winter value).
Args:
system: System name (e.g., "T2", "TARGET2", "FEDWIRE", "CHAPS").
Case-insensitive. "TARGET2" and "T2" both resolve to the
same entry (T2 is the post-March 2023 name). Omit to list
all or filter by currency.
currency: ISO 4217 currency code to filter by (e.g., "USD", "EUR").
Examples:
payment_cutoff_times(system="T2")
payment_cutoff_times(currency="EUR")
payment_cutoff_times(currency="USD")
payment_cutoff_times()