EU sovereign debt managers fall in line with two-day settlement rule
Member states agree to bring OTC settlement in line with CSDR
The national treasuries of the European Union's 28 member states have agreed to shorten the time taken to settle over-the-counter secondary market government bond transactions to a maximum of two days, to bring them in line with other securities transactions that will be subject to a new two-day time limit from October 6, 2014.
On April 15, 2014, the European Parliament approved a regulation on the settlement of securities in the EU and central securities depositories, which established that
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