CSDR
Central Securities Depositories Regulation — settlement discipline and mandatory buy-ins.
The Central Securities Depositories Regulation (CSDR) introduced a settlement discipline regime across the EU, including cash penalties for settlement fails and provisions for mandatory buy-ins. It places a premium on timely, accurate settlement across securities finance activity.
What CSDR requires
Under the settlement discipline regime, failing trades incur daily cash penalties, and firms must track, reconcile and allocate these charges. Reducing fails through automation is the most effective way to manage the operational and financial impact.
How Equilend supports CSDR compliance
Equilend provides post-trade technology and data that help clients settle on time, monitor performance and manage the penalty regime with confidence.
- Automated settlement processing
- Penalty tracking and reconciliation
- Counterparty settlement performance monitoring
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