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Eurex Bonds
Due to coming into effect in 2015, the Regulation on securities settlement and central securities depositories (CSDR) will create a common regulatory framework for securities settlement across the European Union (EU). The most recent version of the CSDR has been finalised. Central Securities Depositories (CSDs) are systemically important institutions for the financial markets and the CDSR aims to harmonise both the timing and conduct of securities settlement in Europe as well as the rules governing CSDs which operate settlement infrastructures.
In most European markets, standard settlement is currently on a three-business-days-after-trade-date (T+3) basis. The CSDR mandates a shorter harmonised T+2 (two business days after trade date) settlement cycle for transactions in all transferable securities (as defined by MiFID (Directive 2004/39/EC)).
The Eurex Bonds market, like many other European markets, prepares the transition to T+2 for all tradable securities as of 6 October 2014. As part of the reduction of the settlement period from T+3 to T+2 the last trade date for all relevant securities will also be adjusted from three days to two days before maturity.
Order book trades executed on or after 6 October 2014 on the Eurex Bonds market will be settled on a T+2 basis. In accordance with the provisions of the most recent CSDR version, the positions in off-order book trades will remain unchanged.
Market Status ⓘ
XEUR
The market status window is an indication regarding the current technical availability of the trading system. It indicates whether news board messages regarding current technical issues of the trading system have been published or will be published shortly.
Please find further information about incident handling in the Emergency Playbook published on the Eurex webpage under Support --> Emergencies and safeguards. Detailed information about incident communication, market re-opening procedures and best practices for order and trade reconciliation can be found in the chapters 4.2, 4.3 and 4.5, respectively. Concrete information for the respective incident will be published during the incident via newsboard message.
We strongly recommend not to take any decisions based on the indications in the market status window but to always check the production news board for comprehensive information on an incident.
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