Deutsche B枚rse launches CSDR reference data set
01 November 2021 Germany
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Deutsche B枚rse鈥檚 Market Data + Services business is launching a data offering which allows clients to identify in-scope instruments and relevant reference data.
The announcement comes ahead of the new settlement discipline rules set to be introduced by the European Central Securities Depositories Regulation (CSDR), which will introduce cash penalties and buy-ins for securities transactions which fail to settle on the intended settlement date and beyond.
Deutsche B枚rse will offer data packages that support the validation of financial instruments which are subject to CSDR. These data packages allow customers to identify relevant instruments and manage the new regulatory requirements effectively, according to Deutsche B枚rse.
The data packages also help to manage risks and prioritise settlement fails, reconcile cash penalties and prepare for buy-ins. It is designed for all market participants that are active in trading and settlement of securities which settle within a European CSD.
Alireza Dorfard, head of Market Data + Services, says: 鈥淎ccurate reference data is key when it comes to managing regulatory obligations and the associated risks. With our new data offering, we are taking another important step in our efforts to support both the financial industry and the European regulatory agenda.鈥�
Deutsche B枚rse is planning to roll out further data packages containing additional instrument data needed to manage buy-ins, as well as analytical data about executed auctions of Deutsche B枚rse鈥檚 Buy-in Agent Eurex STS.
The announcement comes ahead of the new settlement discipline rules set to be introduced by the European Central Securities Depositories Regulation (CSDR), which will introduce cash penalties and buy-ins for securities transactions which fail to settle on the intended settlement date and beyond.
Deutsche B枚rse will offer data packages that support the validation of financial instruments which are subject to CSDR. These data packages allow customers to identify relevant instruments and manage the new regulatory requirements effectively, according to Deutsche B枚rse.
The data packages also help to manage risks and prioritise settlement fails, reconcile cash penalties and prepare for buy-ins. It is designed for all market participants that are active in trading and settlement of securities which settle within a European CSD.
Alireza Dorfard, head of Market Data + Services, says: 鈥淎ccurate reference data is key when it comes to managing regulatory obligations and the associated risks. With our new data offering, we are taking another important step in our efforts to support both the financial industry and the European regulatory agenda.鈥�
Deutsche B枚rse is planning to roll out further data packages containing additional instrument data needed to manage buy-ins, as well as analytical data about executed auctions of Deutsche B枚rse鈥檚 Buy-in Agent Eurex STS.
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