SKDD has announced market testing of the CSDR Settlement Discipline

Zagrebacka Banka d.d.
Mon, 17/01/2022

The Central Depository & Clearing Company Inc. (SKDD) has published the information on the testing with the market participants of the CSDR Settlement Discipline. The CSDR-related testing is planned in the period of 17 - 20 January 2022.

The agenda will include:

-          Automatization of settlement process

-          Matching in real time

-          Testing of new mandatory fields in settlement instructions

-          Recycling

-          Additional details and information on settlement discipline

-          Monitoring and reporting on failed settlements

-          Cash penalties

Impact on investors: Market tests of penalty regime is starting on 17 January 2022. CSDR Settlement Discipline measures will be implemented as of 1 February 2022 on Croatian market.