CSDR introduces cash penalties and buy-ins for securities transactions which fail to settle on the intended settlement date and beyond. Deutsche Börse will therefore offer a variety of data packages that support the validation of financial instruments which are subject to CSDR. These data packages allow customers to identify relevant instruments and manage the new regulatory requirements effectively. In particular, the data packages help to manage risks and prioritise settlement fails, reconcile cash penalties and prepare for buy-ins.

The new data offering is designed for all market participants that are active in trading and settlement of securities which settle within a European CSD.

Alireza Dorfard, Head of Market Data + Services, says: “Accurate reference data is key when it comes to managing regulatory obligations and the associated risks. With our new data offering, we are taking another important step in our efforts to support both the financial industry and the European regulatory agenda.”

The service will include a variety of data sets which will be tailored into packages and can be selected according to different requirements. Following the launch of the first package, CSDR Reference Data, with core information to manage cash penalties and buy-ins, Deutsche Börse is planning to roll out further data packages containing additional instrument data needed to manage buy-ins, as well as analytical data about executed auctions of Deutsche Börse’s Buy-in Agent Eurex STS.