CSDR toolkit - Euroclear Bank

A data service to inform your pre-trade decisions and enrich your post-trade analyses by providing you with detailed insights into the liquidity of liquid and less liquid fixed income securities.
 

Providing observed settlement fail/efficiency rate in Euroclear, per instrument. At ‘market’/Euroclear level (macro view).

Ensure data accuracy and consistency across organisation with the daily feed of all Euroclear Bank eligible securities (primary) or Eurobonds (extended).
 

Compare your settlement performance against the market average to identify areas to be prioritised for structural efficiency improvements.

Hold & Release allows you to forward instructions you receive from your underlying client in real-time to receive immediate matching feedback without the risk of stock pilfering.

Matching issues can be detected earlier - allowing omnibus account holders to avoid the cost of late matching penalties.

AI-generated prioritisation tool allowing you to identify which of your unmatched pending instructions and allegements are to be investigated first in order to avoid fails and therefore improve settlement efficiency and avoid CSDR penalties.

• Reduce problem resolution times to avoid penalties.
• Provide evidence to regulators of measures taken to limit fails. 
• Provide consistent, high-quality & real-time feedback to your clients.

• Avoid late matching penalty - Retrieve your counterparty instruction from within the Euroclear ecosystem, to resolve the identified matching issue. The comparison functionality highlights the differences of 2 instructions put side by side, facilitating rootcause analysis of your matching issue. For internal transactions, Euroclear Bank proposes a best matching candidate for cases where limited matching fields deviate.
• Avoid settlement penalty - Detect the action required to unlock the settlement fail by reconstructing the chain of events, and avoid penalties. EasyWay zooms in on the available securities balance, pending deliveries & receipts, pending allegements and/or balance on remote code.
• Launch a Taskize bubble pre-filled with the settlement details to effectively reach out to other parties for resolution, and avoid penalties.

Euroclear Bank service offered to ESES and Euroclear UK & International clients who are also Euroclear Bank clients.

Manage your inventory and bring unused securities in local CSD to Euroclear Bank. Deliver securities to the local market when there is a CSD need. Use in combination with our securities lending and borrowing option to borrow and deliver missing securities to the local CSD.

Prioritise usage of available positions to maximise your settlement efficiency through various tools:

• assign priority to individual transactions
• select settlement option by account
• link transactions

The partial settlement feature allows you to settle a partially available position - unlocking intra-day liquidity & limiting any penalties to the remaining amount to be settled.

Extended scope coming January 2022: T2S partial release allows you to partially settle deliveries on T2S DCP markets

Euroclear Bank service offered to ESES and Euroclear UK & International clients who are also Euroclear Bank clients. 

Avoid penalties by using the Euroclear Bank automated securities lending and borrowing programme for failing trades.

Provides an additional opportunity - after the settlement cut-off time - to settle your transaction on its intended settlement date - helping you avoid penalties.

• Prioritise your operational workload and failing trades to avoid continued penalties and potential buy-in costs.
• Quickly find the most appropriate and responsible operator in your participant firm to communicate penalty information. 
• Standardise the way you inform the appropriate operator of penalty information across all your clients.
• Consistent, segregated and timely updates across the settlement chain to support your clients to reduce their penalty costs.

• Limit late matching penalty - Retrieve your counterparty instruction from within the Euroclear ecosystem, to resolve the identified matching issue. The comparison functionality highlights the differences of two instructions put side by side, facilitating rootcause analysis of your matching issue. For internal transactions, Euroclear Bank proposes a best matching candidate for cases where limited matching fields deviate.
• Limit settlement penalties and avoid buy-in - Detect the action required to unlock the settlement fail by reconstructing the chain of events, and avoid penalties. EasyWay zooms in on the available securities balance, pending deliveries & receipts, pending allegements and/or balance on remote code.
• Limit penalties and avoid buy-ins by launching a Taskize bubble pre-filled with the settlement details to effectively reach out to other parties for resolution.

Euroclear Bank service offered to ESES and Euroclear UK & International clients who are also Euroclear Bank clients.

Manage your inventory and bring unused securities in local CSD to Euroclear Bank. Deliver securities to the local market when there is a CSD need. Use in combination with our securities lending and borrowing option to borrow and deliver missing securities to the local CSD.

Prioritise usage of available positions  to limit your penalties exposure.

The partial settlement feature allows you to limit penalties to the remaining amount to be settled. It also allows you to deliver any available position before the buy-in is initiated.

Extended scope coming January 2022: T2S partial release allows you to partially settle deliveries on T2S DCP markets

Euroclear Bank service offered to ESES and Euroclear UK & International clients who are also Euroclear Bank clients. 

Limit penalties and avoid the need for buy-ins by using the Euroclear Bank automated securities lending and borrowing programme for failing trades.

Provides an additional opportunity - after the settlement cut-off time - to settle your transaction and limit any penalties.

Allows the failing participant to put the failing transaction ‘on hold’ when receiving buy-in notification.

• Reach out to any party involved in the buy-in process and standardise the way you interact with them.
• Receive up-to-date information on executed buy-ins to avoid additional penalties.
• Provide a clear audit trail to your regulators evidencing your adherence to the CSDR buy-in process.
• Provide your buy-in reporting to Euroclear for CSDR compliance.

• Upon identification of a mandatory buy-in, from the Detailed Instruction View, you can launch a Taskize bubble pre-filled with the settlement details allowing you to effectively reach out to any party involved in the buy-in process and to ensure timely communications on the various actions to take. 

Euroclear Bank service offered to ESES and Euroclear UK & International clients who are also Euroclear Bank clients.

Manage your inventory and bring unused securities in local CSD to Euroclear Bank. Deliver securities to the local market when there is a CSD need. Use in combination with our securities lending and borrowing option to borrow and deliver missing securities to the local CSD.

Allows you to prioritise usage of available assets to settle the buy-in trade and avoid mandatory cash compensation.

Deliver any available partial position for an executed buy-in trade to limit mandatory cash compensation requirements.

Extended scope coming January 2022: T2S partial release allows you to partially settle deliveries on T2S DCP markets

Provides an additional opportunity to settle the buy-in before the end of the buy-in period, to avoid the mandatory cash compensation.