ECSDA Industry Dialogue on CSDR Settlement Discipline

On Thursday 13 February, ECSDA has hosted on Clearstream and Deutsche Börse premises, an industry dialogue focused on the ECSDA CSDR Penalties Framework and on settlement discipline related issues. It was a fruitful discussion, involving participants from other industry associations and representatives other FMIs and intermediaries.

During the day, ECSDA presented the main features of the implementation of Settlement Discipline by CSDs, and also a Q&A session on open items and next steps.

The questions and answers have now been integrated in the slides presented during the event on 13 February (please find the link below). ECSDA will integrate the answers to the questions received from participants in the next version of the ECSDA Penalties Framework, when possible.

We will keep you posted on the next steps, and inform about the publication of the next version of the ECSDA Penalties FW document as soon as possible.

SWIFT and EurexSTS also presented their ongoing developments related to CSDR Settlement Discipline.

Please find all presentations here below:

• ECSDA CSDR Penalties Framework presentation
• SWIFT presentation on CSDR Standards – Messaging
• EurexSTS Buy-in Agent Services