Íø±¬³Ô¹Ï

Home   News   Features   Interviews   Magazine Archive   Symposium   Industry Awards  
Subscribe
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
≔ Menu
Íø±¬³Ô¹Ï
Leading the Way

Global Íø±¬³Ô¹Ï Finance News and Commentary
News by section
Subscribe
⨂ Close
  1. HomeRegulation news
  2. Pirum upgrades service to support CSDR claims
Regulation news

Pirum upgrades service to support CSDR claims


01 February 2022 UK
Reporter: Carmella Haswell

Generic business image for news article
Image: Murrstock/stock.adobe.com
Pirum has announced the enhancement of its Claims Manager service to support claims related to Central Íø±¬³Ô¹Ï Depository Regulation (CSDR) penalties.

Under CSDR, counterparties have a limited timeframe to issue and agree claims that require a pass on to the counterparty who is at fault for causing the fail.

Each claim must be supported with specific transaction details, payment instructions and reasons for the claim, according to the firm.

Pirum’s Claims Manager service will support the centralised issuing, tracking and payment of CSDR claims on a real-time basis for all counterparties.

The service supports the full automation and reconciliation of income claims and market claims, along with cash payments related to mandatory and voluntary corporate actions.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Íø±¬³Ô¹Ï Finance Times
Advertisement
Subscribe today
Knowledge base

Explore our extensive directory to find all the essential contacts you need

Visit our directory →

Discover definitions, explanations and related news articles in our glossary

Visit our glossary →