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Further revision to CSDR billing timeline for February 2022
In respect of the CSD changes to the penalty processing for February 2022, EuroCCP has further revised its CSDR billing timetable as follows resulting in the monthly invoicing being distributed on 6th April 2022:
Current Timetable Revised Timetable
EuroCCP last date to report adjustments within daily reporting aligning to CSDs 18th / 21st March 30th / 31st March
Monthly invoice to be distributed to members 31st March 6th April
Collection/Redistribution of Monthly Net penalties by EuroCCP 13th April 13th April
EuroCCP is providing daily reporting of all CSDR penalties for collection and distribution on a cumulative basis. We recommend clients reconcile this data against the penalty reporting received from their CSD’s/Settlement agents prior to EuroCCP running its month-end billing process.
The March 2022 penalties are expected to revert to the standard timetable.
Should you have any further queries, please do not hesitate to contact us.
EuroCCP Relationship Management
T. +44 20 7131 3430