Eurex Clearing
Dear Clearing Member,
With this newsflash, Eurex Clearing informs about the activation of the Central Securities Depositories Regulation (CSDR) related processing on 1 February 2022.
The aim of the CSDR is to harmonize certain aspects of the settlement cycle and settlement discipline and to provide a set of common requirements for Central Securities Depositories (CSDs) for both domestic and cross-border transactions. One of the main objectives of CSDR is to improve the safety and efficiency of securities settlement by ensuring that buyers and sellers receive their securities and money in a timely manner and without undue risk.
In contrast to previous publications, the Buy-in under CSDR regime will be not activated by Eurex Clearing due to missing decision of the EU commission, and the existing Buy-in procedure according to the EU short Selling regulation will remain as today.
The following CSDR related supporting document has been published on the Eurex Clearing website under the following link: Support > Initiatives & Releases > Project Readiness > Central Securities Depositories Regulation:
Learn now more about CSDR on our dedicated initiative page on the Eurex Clearing website under the following link: Support > Initiatives & Releases > Project Readiness > Central Securities Depositories Regulation. System documentation, circulars, timeline and much more information is available there for you.
If you have any further questions or comments, please send an e-mail to client.services@eurex.com.
Kind regards,
Your Client Services Team
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Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors | |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Treasury | |
Contact: | client.services@eurex.com | |
Related circular: | Eurex Clearing Circular 069/21 | |
Web: | Support > Initiatives & Releases > Project Readiness > Central Securities Depositories Regulation |
