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Article 8 - Hold and release mechanism

Article 8
Hold and release mechanism

CSDs shall set up a hold and release mechanism that consists of both of the following:

(a)

a hold mechanism that allows pending settlement instructions to be blocked by the instructing participant for the purpose of settlement;

(b)

a release mechanism that allows pending settlement instructions that have been blocked by the instructing participant to be released for the purpose of settlement.

Official text · consolidated version 02/09/2024 (in force) Open full page ↗
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