Your Reliable Source for All the Required CSDR Data
SIX supports clients for being compliant with CSDR-SDR with its data offering by focusing on the key areas of CSDR-SDR – cash penalties calculation and settlement fails reporting. SIX carries around 1.5 million financial instruments with CSDR data points.
Due to increasing customer requests, especially from the custodian side, SIX decided to additionally support the Internalised Settlement reporting obligations by providing a marker for “in-scope” instruments and issuer CSD data like name together with the LEI (The Internalised Settlement reporting to national competent authorities started on 12 July 2019).
How You Will Benefit
Fulfill the calculation and reporting obligations related to settlement fails for “in-scope” instruments with renowned reliable reference and pricing data.
Efficient calculation of cash penalties based on the application of penalty rates on ISIN level under consistent and granular instruments criteria.
Simplify data processing with a single high performance interface for the content under CSDR-SDR data provided by SIX.
Calculate Cash Penalties and Report Settlement Fails Easily with SIX
The regulation imposes, among others, the obligation to calculate cash penalties for settlement fails and to provide settlement fails reports. To support the industry, SIX provides an extensive CSDR-SDR data set that includes the identification of instruments that are “in-scope” for the calculation of cash penalties, settlement fails reporting and internalized settlement. This set is also a reliable source for closing price information and reference data in order to fulfil the obligations to calculate cash penalities and to report settlement fails.
Therefore, it allows an efficient calculation and reconciliation of cash penalties based on the application of penalty rates on ISIN level dependent on the instrument classification, the liquidity indication and the identification of an instrument that is admitted for trading on a SME growth market.
Its integration into master files is straight forward with the use of identifiers like ISIN, FISN, CFI, LEI and MIC.