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Version status: Entered into force | Document consolidation status: Updated to reflect all known changes
Version date: 1 February 2022 - onwards
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Article 13 Details of the system monitoring settlement fails

1. CSDs shall establish a system that enables them to monitor the number and value of settlement fails for every intended settlement date, including the length of each settlement fail expressed in business days. That system shall, for each settlement fail, collect the following information:

(a) the reason for the settlement fail, based on the information available to the CSD;

(b) any settlement restrictions such as the reservation, blocking or earmarking of financial instruments or cash that make those financial instruments or cash unavailable for settlement;

(c) the type of financial instrument, within the following categories, affected by the settlement fail:

(i) transferable securities as defined in point (a) of Article 4(1)(44) of Directive 2014/65/EU;

(ii) sovereign debt as defined in Article 4(1)(61) of Directive 2014/65/EU;

(iii) transferable securities as defined in point (b) of Article 4(1)(44) of Directive 2014/65/EU, other than sovereign debt referred to in point (ii);

(iv)

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