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UK CREST Delivery by Value

UK CREST Delivery by Value

Counterparties should agree required DBV collateral figures no later than 3.30pm (London time) and instruct the DBV in Crest no later than 3.45pm (London time). It is recommended that both counterparties reconcile their open positions to Crest. If they are still unable to agree the DBV value, the exposure figure provided by Crest should be accepted and the DBV instructed no later than 15.45 London time. In the event of the continuing discrepancy with the DBV values, both parties should perform a reconciliation of all open positions to those in Crest. (IBP-172 UNDER ISLA REVIEW)


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