Taskize

Helping you comply with CSDR Settlement Discipline

A harmonised approach

Taskize is a secure and easy to use web-based platform designed for fast and efficient inter-company issue resolution. Its online collaboration workflows enable you to work directly with our client service teams and your counterparties, regardless of location or market. The result is improved response time, faster resolutions and more control over your activity.

The majority of the Euroclear group has already adopted Taskize as its preferred Client Service channel. As a result, our clients already use Taskize to resolve matching and settlement problems both prior to and after settlement date as well as for corporate action problems and tax queries.

Which is why, as of the recently extended implementation date of February 2021, Taskize will also become Euroclear’s preferred channel for the CSDR Settlement Discipline regime.

Providing proven, easy-to-use multi-party collaboration through a secure interface, it will help the industry address the challenges associated with the penalty fees and buy-ins that CSDR will introduce.


Seller

Settlement period

  • Reduce problem resolution times
  • Avoid penalties for failed security delivery
  • Provide evidence to regulators of measures taken to limit fails

Extension period

  • Prioritise your operational workload to avoid continued penalties and potential buy-in costs

Buy-in period

  • Standardise the way you interact with the different parties involved in the buy-in process
  • Receive up-to-date information on executed buy-ins to avoid additional penalties

Buyer

Settlement period

  • Reduce problem resolution times
  • Avoid penalties for failed security delivery
  • Provide evidence to regulators of measures taken to limit fails

Extension period

  • Prioritise failing trades to avoid operational costs and risks associated with activating the buy-in process

Buy-in period

  • Facilitate & standardise the buy-in communication process with all parties, including buy-in agent
  • Provide a clear audit trail to your regulators evidencing your adherence to the CSDR buy-in process

CSD

Settlement period

  • Support settlement break resolution to help your clients avoid penalties
  • Provide evidence to regulators that you are taking action to improve settlement efficiency through collaboration with your clients

Extension period

  • Quickly find the most appropriate and responsible operator in your participant firm to communicate penalty information
  • Facilitate the appeal process with your participants inside a secure resolution space, in parallel to processing penalties

Buy-in period

  • Receive final buy-in and possible cash compensation information
  • Provide a common and transparent audit trail to your regulators evidencing your adherence to the CSDR buy-in process

CCP

Settlement period

  • Standardise your interaction with the different parties to reduce the time it takes to resolve problems

Extension period

  • Quickly find most appropriate and responsible operator in your member firm to facilitate resolution

Buy-in period

  • Resolve buy-in workflow failures with failing members

Settlement agent

Settlement period

  • Provide consistent, high-quality & real-time feedback to your clients
  • Support settlement break resolution to help your clients avoid penalties
  • Provide evidence to regulators that you are taking action to improve settlement efficiency through collaboration with your clients

Extension period

  • 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

Buy-in period

  • Provide a clear audit trail to your regulators evidencing your adherence to the CSDR buy-in process
  • Communicate executed buy-ins in a timely manner and help your clients avoid additional penalties

Buy-in agent

Settlement period


not applicable

Extension period


not applicable

Buy-in period

  • Connect in a standardised way with all parties involved in the settlement chain

Sign up now to get ready for CSDR

Complete the online enrolment form here >