Common use of Settlement Cut-off Clause in Contracts

Settlement Cut-off. A transaction is defined as current day Transaction if it is settled before 12:00 p.m. noon, Taiwan Time (TWT) (GMT + 8 hours) the next day.

Settlement Cut-off. A transaction is defined as current day Transaction if it is settled before 12:00 p.m. noon2.30a.m., Taiwan China Time (TWTCT) (GMT + GMT+ 8 hours) the next day.