Clearstream Banking1 informs clients of the processing schedule for penalties according to the EU Central Securities Depositories Regulation (CSDR) in
2024
The standard calendar Penalty Business Days (PBDs2) apply to TARGET2-Securities (T2S) as well as to Clearstream Banking internal and Bridge settlement fails related penalties.
Payment month Client appeals period end date (10th PBD) Monthly penalties reporting date (14th PBD)
Penalties payment date (18th PBD)
January
15 January
19 January
25 January
February
14 February
20 February
26 February
March
14 March
20 March
26 March
April
12 April
18 April
24 April
May
14 May
20 May
24 May
June
14 June
20 June
26 June
July
12 July
18 July
24 July
August
14 August
20 August
26 August
September
13 September
19 September
25 September
October
14 October
18 October
24 October
November
14 November
20 November
26 November
December
13 December
19 December
26 December
Note: For non-T2S domestic market settlement fails, the dates as to be communicated by each market apply.
For all markets, independent from the local CSDs’ individual approaches, Clearstream Banking will generate the Clearstream Banking internal payments free of delivery (PFODs) for its clients with trade date 15th PBD and intended settlement date 18th PBD.
For more detailed information, please consult the “CSDR Settlement Discipline Regime” section of the CBL Client Handbook and the OneClearstream Client Handbook, respectively.
Further information
For further information, please contact Clearstream Banking Client Services or your Relationship Officer.
------------------------------------------
1. Clearstream Banking refers collectively to Clearstream Banking S.A., registered office at 42, avenue John F. Kennedy, L-1855 Luxembourg, and registered with the Luxembourg Trade and Companies Register under number B-9248, and Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.
2. PBDs apply to penalties appeals, monthly reporting and payment processing by a CSD. According to the ECSDA settlement fails penalties framework, “a PBD is any day of the year except for 1 January and 25 December and Saturdays, Sundays”.
↧