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 6^th April 2022:

Current Timetable Revised Timetable

EuroCCP last date to report adjustments within daily reporting aligning to CSDs 18^th / 21^st March   30^th / 31^st March 

Monthly invoice to be distributed to members  31^st March   6^th April

Collection/Redistribution of Monthly Net penalties by EuroCCP 13^th April    13^th 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

[email protected]|euroccp.com