The Central Securities Depository Regulation (CSDR) aims to - TopicsExpress



          

The Central Securities Depository Regulation (CSDR) aims to harmonise settlement cycles across the 31 EEA markets to increase settlement efficiency and reduce counterparty risk. As such, the market has agreed that all Over-the-Counter (OTC) transactions will be T+2 instead of T+3 unless both parties agree otherwise. A default settlement cycle of T+2 for all transactions in transferable securities (whether executed on a trading venue or OTC) has been endorsed by best practice proposals published by the ECB, ICMA and AFME. Most markets have converged on a single migration date of 6 October 2014
Posted on: Fri, 29 Aug 2014 13:52:37 +0000

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