EACH Framework on CSDR Settlement Discipline
This is to inform that EACH – European Association of CCP Clearing Houses – has published on their website the document “EACH Framework on CSDR Settlement Discipline”.
The document, produced within the framework of “EACH Securities Operations Working Group”, with participation of CC&G, elaborates on EACH’s approach in regard to implementation of the Settlement Discipline. The following aspects are covered in the document:
- Settlement Instructions
- Buy-in Procedure
This is the first version of the document, and we expect feedback from participants on the topics covered.
In addition, please be advised that ESMA has proposed an extension to the CSDR “go-live” date, currently expected by September 13th 2020, to February 1, 2021. The request is being reviewed by the Authority.