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🔗 Back to Summary. 🇫🇷 French Version: 2018R1229_FR.8. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 7 – Cancellation facility ⬅️ | ➡️ Article 9 – Recycling
Article 8 - Hold and release mechanism
CSDs shall set up a hold and release mechanism that consists of both of the following:
(a)
a hold mechanism that allows pending settlement instructions to be blocked by the instructing participant for the purpose of settlement;
(b)
a release mechanism that allows pending settlement instructions that have been blocked by the instructing participant to be released for the purpose of settlement.