Hold and Release

Hold & Release>

Status: Under Review, Last Updated: 28/01/2022

Hold & Release
As part of CSDR, CSDs offer functionality to hold and release instructions, partially releasing increments of the original instruction. As this relates to securities lending, loan instructions would be input and flagged as 'HOLD' pending the receipt of collateral. This would allow pre-matching of instruction; however, it would bypass or complicate instruction chains that require assets move through complex custody arrangements. In some cases, it could also conflict with some firm's custody product offerings.

As of June 2021, many firms have not yet amended their technology platforms to implement this function. Consequently, this topic has been placed on hold by the Market Practice Steering Group pending future market developments. (IBP-333)