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SSI Confirmation

SSI Confirmation

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Market participants should confirm each transaction with their counterpart, and that confirmation should include SSI.

Note that a confirmation is required within CSDR Chapter III Article 6(2) Regulation (EU) No 909/2014 and although that part of the regulation does not specifically mention SSI, the ISLA Survey 2018 noted SSI communication as one of the largest causes of settlement fails.

In support of this practice, use of a vendor solution is recommended to enable pre-settlement matching of both matching fields and SSI. (IBP-290 UNDER ISLA REVIEW)

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