The implementation of the PSF project is planned 18 November 2019

Euroclear Sweden has 18 November successfully gone live with new IT-functionalities with the intention of preventing settlement fails. The new services will bring added value to our clients by providing tools for increased settlement efficiency.  

All Swedish market participants have been involved in the project and we would like to thank everyone for your great efforts.

An important part of the CSDR adaptation for the Swedish financial market is the implementation of the Settlement Discipline regime. Euroclear Sweden has divided the implementation in two IT-implementations. The first was successfully launched 18 November 2019 “Prevent Settlements Fails”. Euroclear Sweden has conducted training sessions about the new functionalities. If you would like to access the recorded training material from these sessions, please log in to MyEuroclear.

In parallel, we have also initiated the project to facilitate the second launch of the Settlement Discipline Regime requirements related to Settlement Penalties and Buy-ins. Initial documentation has been provided to the market participants and client meetings have taken place, discussing the project plan, the content of the released documentation and specific questions of individual clients. Estimated launch will be in the second half of 2020.

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