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TARGET2 form for collection of Static Data Application on Cross CSD settlement page: 1 of 2 C, D, E New Modify F, G, H Production Test & Training I, J Ref: K Delete Date: rel. Ref: Activation date:
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What is application on cross-csd settlement?
The application on cross-csd settlement is a form or document that is required to be submitted to facilitate the settlement process between different Central Securities Depositories (CSDs). It serves as a formal request to initiate the cross-CSD settlement.
Who is required to file application on cross-csd settlement?
Any entity or individual involved in cross-CSD settlement is generally required to file the application. This includes participants, intermediaries, or any party involved in the transaction that requires settlement across multiple CSDs.
How to fill out application on cross-csd settlement?
The exact process of filling out the application on cross-CSD settlement may vary depending on the specific requirements of the CSDs involved. Generally, the application will require information such as the details of the securities being settled, the parties involved, settlement instructions, and any other specific details necessary for the cross-CSD settlement process. It is important to follow the instructions provided by the relevant CSDs.
What is the purpose of application on cross-csd settlement?
The purpose of the application on cross-CSD settlement is to formalize and initiate the process of settling securities across multiple CSDs. It ensures that all relevant parties are aware of the transaction and can proceed with the necessary settlement activities in a coordinated manner.
What information must be reported on application on cross-csd settlement?
The specific information required on the application may vary depending on the CSDs involved and their specific requirements. However, common information that may need to be reported includes the details of the securities being settled, the parties involved, settlement instructions, transaction details, and any supporting documentation or identification required by the CSDs.
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