SUMMARY

The last but perhaps most significant piece of the CSDR jigsaw, SDR is designed to address securities settlement failure risk.

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The SDR provisions cover both the prevention and punishment of securities settlement fails.

Cash penalties and mandatory buy-ins will eat into Front Office profits unless firms upgrade their often-neglected settlement infrastructure. 

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As such, SDR will trigger significant transformation work at many firms. 

Process automation, strong data foundations and near real-time settlement monitoring will all be crucial elements for success.

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TONIC SDR SNAPSHOT

Need a quick, concise overview of SDR and what it brings?‍

Tonic’s SDR snapshot paper provides a succinct overview of the key rules, changes and challenges that firms should consider as part of their SDR planning.

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Getting in touch and we’ll send you the article.