UK CREST Delivery by Value
Counterparties should agree required DBV collateral figures no later than 3.30pm (London time) and instruct the DBV in Crest no later than 3.45pm (London time). It is recommended that both counterparties reconcile their open positions to Crest. If they are still unable to agree the DBV value, the exposure figure provided by Crest should be accepted and the DBV instructed no later than 15.45 London time. In the event of the continuing discrepancy with the DBV values, both parties should perform a reconciliation of all open positions to those in Crest. (IBP-172 AGREED IN 2017)
Already a member? Login to your account
Interested in Becoming a Member?
ISLA’s members span the breadth and depth of the securities lending industry, and there are many benefits of joining the Association’s network.Become a member today