EU sovereign debt managers fall in line with two-day settlement rule

European Parliament
The European Parliament

The national treasuries of the European Union's 28 member states have agreed to shorten the time taken to settle over-the-counter secondary market government bond transactions to a maximum of two days, to bring them in line with other securities transactions that will be subject to a new two-day time limit from October 6, 2014.

On April 15, 2014, the European Parliament approved a regulation on the settlement of securities in the EU and central securities depositories, which established that, wi

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