ESMA_QA_1226
Status: ✅ Answer Published
Link to ESMA Q&A tool: https://www.esma.europa.eu/publications-data/questions-answers/1226
Regulatory Context
Regulation : CSDR
Level 1 Regulation: Central Securities Depositories Regulation (CSDR) Regulation (EU) No 909/2014- PTR- CSDR
Level 2 Regulation: No information available
Level 3 Regulation: No information available
Topic: Internalised settlement - Reporting parameters
Subject Matter: Internalised settlement - Reporting parameters
Question
Submission Date: 11 July 2019
How should a settlement internaliser treat internalised settlement instructions received after the end of the quarter, for settlement in a previous quarter, for the purpose of the reports under Article 9 of CSDR?
ESMA Answer
Answer Date: 11-07-2019
[ESMA70-15-4448 CSD Internalised settlement Q&A 2] A settlement internaliser should include such internalised settlement instructions in the report for the quarter during which the instructions are submitted, i.e. data covering the number of working days from the previous quarter(s) during which the respective instructions have failed to settle should be included in the report for the quarter during which the instructions are submitted. Previously submitted reports should not be updated in such cases. For example, an instruction which has an Intended Settlement Date for the previous quarter (Q2) but is instructed late in Q3 (and fails for 2 business days in each quarter) would be reported as follows:
Quarter
Failing Business Days
Reported Failing Business Days
Q2
2
0
Q3
2
4
This document was automatically extracted from the ESMA EMIR Q&A database.