Eurex Clearing
Dear Clearing Member,
With this newsflash, Eurex Clearing informs about the changes to its “CSDR Settlement Discipline Regime” project introduction schedule as a result of externally driven postponement. Eurex Clearing aligned its internal preparation according to the CSDR project timeline to be ready for 1 February 2022.
The preparation for CSDR covered introduction of partial settlement functionality for ICSDs: CBL and Euroclear Bank within CCP Release 18.0 in November 2020 and implementation of penalty collection and distributions in its CCP role within the CSDR SDR framework. It also included the customer reporting on the late settlement penalties based on CSDs feedback.
Due to the fact that the European Securities and Markets Authority (ESMA) agreed to shift the CSDR activation to 1 February 2022, market participants and Eurex Clearing will also prepare their CSDR related processing to be activated at that time.
Eurex Clearing’s partial settlement activation for settlement flow from CBL and Euroclear Bank is also to be aligned with the implementation of this functionality by the CSDs und will be announced separately in due time.
If you have any further questions or comments, please do not hesitate to contact your Clearing Key Account Manager.
Kind regards,
Your Client Services Team
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Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients, FCM Clearing Members of Eurex Clearing AG and vendors |
Target groups: | Front Office/Trading, Middle + Back Office, IT/System Administration, Auditing/Security Coordination |
Contact: | client.services@eurexclearing.com |
Web: | Eurex Clearing's initiatives pages |
