Preamble
Recitals 81
Title I - SUBJECT MATTER, SCOPE AND DEFINITIONS (Article 1-2) 2
Title II - SECURITIES SETTLEMENT (Article 3-9) 8
Title III - CENTRAL SECURITIES DEPOSITORIES (Article 10-53) 50
Title IV - PROVISION OF BANKING-TYPE ANCILLARY SERVICES FOR CSD PARTICIPANTS (Article 54-60) 7
Title V - SANCTIONS (Article 61-66) 6
Title VI - DELEGATION OF POWER, IMPLEMENTING POWERS, TRANSITIONAL, AMENDING AND FINAL PROVISIONS (Article 67-76) 9
Annexes 1
- Annex 1 - LIST OF SERVICES
Amending acts 4

deferred net settlement

Definitions over time (1)

16/01/2024 – today applies on 12/11/2026 Article 2, Regulation (EU) No 909/2014 (CSDR) Scope: Whole act

For the purposes of this Regulation, the following definitions apply:

‘deferred net settlement’ means a settlement mechanism whereby cash or securities transfer orders in relation to securities transactions of the participants in the securities settlement system are subject to netting, and whereby settlement of participants’ net claims and obligations takes place at the end of predefined settlement cycles during or at the end of the business day.