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Clearstream release 2023’s CSDR settlement efficiency rates
Clearstream has released its annual Central Securities Depositories Regulation (CSDR) efficiency rate for 2023.
The market platform says the rates represent an improvement in both value and volume settlement efficiency. Settlement fail rates decreased by up to 90 per cent compared to 2022.
Clearstream Banking recorded client settlement efficiency to be 95 per cent and 91 per cent by value and volume, respectively.
Meanwhile, Clearstream Banking AG recorded client settlement efficiency to be 95 per cent and 92 per cent by value and volume, respectively.
