When you set your local time zone for the first time, the duration of your initial settlement period may differ from the standard 24-hour cycle. This is due to the time difference adjustments between your local time and Coordinated Universal Time (UTC).
APAC Customers
For customers in the Asia-Pacific (APAC) region:
- If you set your local time zone on a Friday, your first settlement will occur at 5 AM on Monday.
- This initial settlement will include transactions from Friday (adjusted for the time difference to UTC), Saturday, and Sunday.
Europe and MENA Customers
For customers in Europe and the Middle East and North Africa (MENA):
- Your first local time settlement will be reduced by the time difference to UTC.
- Example: Dubai has a 4-hour difference from UTC, making the first settlement period 20 hours long instead of 24 hours.
US Customers
For customers in the United States:
- Your first local time settlement will be extended by the time difference to UTC.
- Example: New York, under Daylight Saving Time, has a 4-hour difference from UTC, resulting in a 28-hour first settlement period.
By understanding these adjustments, you can better anticipate the timing and duration of your first local time settlement.