CDCP Tolerance Level and Partial Settlement Changes

UniCredit Bank Czech Republic and Slovakia,a.s.
Summary: 
CDCP has advised the changes to its matching tolerance levels and partial settlement thresholds
Thu, 05/01/2023

The CSD Prague publishes recalculations of values used for matching tolerances. The new values for matching tolerances are effective from 4th January 2023. The ECB exchange rates valid for 30th December 2022 are used for conversion and the values are valid until the new values are published in January 2024. 

Currency

Limit

Tolerance for under-limit volume

Tolerance for over-limit volume

EUR

100 000

                   2

25

CZK

2 411 600

                 48,23

602,9

USD

106 660

                   2,13

26,67

GBP

88 693

                   1,77

22,17

The CSD Prague publishes recalculations of limits used for partial settlement. The limits are effective from 4th January 2023. The ECB exchange rates valid for 30th December 2022 are used for conversion and the values are valid until the new values are published in January 2024. 

Currency

Shares and other instruments – V, F, W

Bonds – V, F, W

EUR

10 000

100 000

CZK

241 160

2 411 600

USD

10 666

106 660

GBP

                  8 869

88 693

 

Where: 

V = Delivery against payment (DVP, RVP) – The order will ensure the transfer of securities and cash settlement

F = Free orders (DFP, RFP) - The order will ensure the transfer of securities without cash settlement

W = Delivery with payment (DWP, RWP) – The order will ensure simultaneous transfer of securities and money to the participant on the purchase side (trade direction 1) from the sales side (trade direction 2). 

Impact on Clients:   Clients are advised to take note of the above general information.