Search

ISLA logo

Netting of Claims

Netting of Claims

Status: Best Practice Finalised, Last Updated: 28/01/2022

Netting of Claims
Regarding a single failing event, claiming parties should incorporate and consider relevant credits and debits that may apply for each failing instruction.

Regarding total claims between parties, where applicable, parties should agree a net settlement (i.e., a single cash flow to resolve multiple claims within the same penalty period).

It is the objective of CSDR to penalise the failing party to the trade to promote more efficient settlement across EU capital markets and therefore, claims as a result of this, should not unduly enrich either party. (IBP-340)

Close

Creating your PDF, please wait.

PDF created successfully.

Sorry, your PDF could not be created at this time.

Close

Already a member? Login to your account

Interested in becoming a member?

ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.

Become a member today