The FAQs and best practice cover a range of issues, such as scope, invoicing and billing, restitution, as well as the confirmation and allocation process under Article 6 of CSDR.
ICMA, through its CSDR Settlement Discipline Working Group, has developed a list of Frequently Asked Questions (FAQs) and Best Practice Recommendations intended
to support implementation of the CSDR Penalty regimes for the bond and
repo markets, when it goes live on 1 February 2022. The FAQs and best
practice cover a range of issues, such as scope, invoicing and billing,
restitution, as well as the confirmation and allocation process under
Article 6 of CSDR. They are also intended to be aligned with, and
complementary to, the ECSDA Penalty Framework and the AFME Best Practice
for Bilateral Claims.
The ICMA FAQs and Best Practice are
intended to be living documents and will be updated as new issues are
raised following go-live, or in response to regulatory clarification.
These also represent ICMA’s commitment to establishing best practice for
international bond and repo markets as well as underpinning market
resilience and efficiency.
ICMA
© ICMA
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article