CSD Prague - Amendment to the Settlement System Rules

UniCredit Bank Czech Republic and Slovakia,a.s.
Summary: 
CDCP (CSD Prague) has adopted amendments to the Settlement System Rules.
Fri, 05/12/2014

Effective from 4 December 2014, the Czech National Bank (CNB) has approved amendment to the Settlement System Rules.

The only change of the rules consists in the implementation of the ACM system (automated collateral management) between CSD Prague and CNB, that enables participants and other entities to provide bonds registered in CSD Prague as financial security for intraday loans from CNB.

According to the new article 77 of the Settlement Rules, the ACM system is available as of 4 December, 2014.

Impact on investors: Effective from 4 December 2014, an ACM system between CDCP and CNB, that enables participants and other entities to provide bonds registered in CSD Prague as financial security for intraday loans from CNB, is available.

 

 

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