UniCredit Bank S.A.
Summary:
Central Depository notification on matching tolerance levels effective 1 February 2021
Tue, 26/01/2021
Starting 1 February 2021, the local Central Depository will apply the following matching tolerance levels for the settlement instructions registered in the CSD system:
For RON settlement instructions:
- For values less than or equal to RON 490.000, the applicable tolerance is RON 10
- For values higher than RON 490.000 the applicable tolerance is RON 122
For EUR settlement instructions:
- For values less than or equal to EUR 100.000, the applicable tolerance is EUR 2
- For values higher than EUR 100.000, the applicable tolerance is EUR 25
The matching considers the seller’s settlement amount under the condition that the difference in amount between the two settlement instructions is within the applicable matching tolerance range.
Impact on investors: In order to match with the counterparty’s settlement instructions in the CSD system, the settlement instructions should be within the applicable matching tolerance levels.