DTCC: Understanding the Impact of CSDR

09 December 2020

DTCC recently surveyed over 400 financial market participants to analyze key strategic and operational issues as firms prepare for the implementation of the Central Securities Depositories Regulation’s (CSDR) Settlement Discipline Regime (SDR).

This is expected to enforce mandatory buy-ins and penalties for failed trades.

Findings include:

• 51% of respondents expect CSDR to have a large impact on settling their European trades.
• 43% of buy-side respondents had no indication of how their penalties will be communicated to them. 
• 89% of buy-side and 85% sell-side respondents expect the buy-in process to be initiated by the middle/back office. 

© DTCC - Depository Trust & Clearing Corporation