ETF Buy-In Extension Period

Dear Clearing Participant,

EuroCCP is pleased to announce an extension to the buy-in period for ETF securities from ISD+4 to ISD+7. This extension has been made in close cooperation with the ETF community and to align the buy-in period for ETFs with local market practices. The changes become effective per settlement date 12 Aug 2019.

EuroCCP’s Regulation Buy-in Procedure has been updated accordingly and can be found here, which includes the normal timeline below, as well as the new ETF timelines.

The changed timeline for ETFs only will be:

Please note this will not impact the market maker buy-in timeframes and will also be  applicable across all markets.

Should you have any further queries, please do not hesitate to contact your Relationship Manager.