ECSDA publishes report on removing barriers on Clearing and Settlement

14 April 2004

The European Central Securities Depositories Association (ECSDA) announced the first steps in removing the barriers for efficient clearing and settlement arrangements in the EU that were identified by the Giovannini Group.

The Giovannini Group asked the European Central Securities Depositories Association (ECSDA) in April 2003 to take the lead in removing three of the fifteen market barriers they identified to low-cost, cross-border settlement.

The ECSDA have agreed and published ten standards for implementation at various times between now and April 2005 to enable intraday finality (by removing Barrier 4) and to harmonise operating hours and settlement deadlines.

Full report
ECSDA press release

© ECSDA