Czech Republic: The National Bank is introducing a buy-in process for T-bills in SKD
The Czech National Bank (CNB), as a part of the new rules of its Short-Term Bond System (SKD), is introducing a buy-in process for the settlement of
According to the current available information, the following matched settlement instructions will be affected:
- Instructions that have not settled on the requested settlement date;
- Instructions for which the seller failed to deliver the securities;
- Instructions for which the buyer expressed their wish to initiate the buy-in.
Exact details on the process and related fees and charges have not yet been communicated by the CNB. Clearstream Banking will continue to monitor the situation and provide further details as soon as available.
Customers are advised to pay particular attention to the settlement of transactions on T-bills on the Czech Market and to ensure timely provisioning in cash and securities to avoid settlement delays.
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