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Settlement Settlement is always done at the local central securities depository (CSD). EMCF either operates its own CSD accounts or uses the services of settlement agents and/or account operators. Our current settlement agents include ABN AMRO Bank, BNP Paribas, SEB, Credit Suisse, Deutsche Bank and Bank Austria-Creditanstalt. Net settlements are treated as OTC transactions in the local CSDs, while regular DVP/RVP instructions are generally communicated to the CSD. |
Useful links • Code of conduct.  • European Association of Clearing Houses (EACH). • European Commission. • FSA register. |
