Settlement

EML settles with clients and counterparties by paying first. Clients and counterparties assume no settlement or credit risk on EML.

CLIENT SETTLEMENT
Countries within Time Zone GMT+4 or later (Latin America, Caribbean):

• BEFORE 12 NOON EST: EML settles local currency value on the trade date, i.e. T+0. Client settles USD on T+1.
• AFTER 12 NOON EST: Settlement occurs on T+1 (for local currency) and T+2 (for USD)

Countries in Time Zones GMT+4 or earlier (Africa, Middle East, Europe, Asia):

• EML settles local currency on T+1, client settles USD on T+2.