National Depository for Securities (NDS) will begin today distributing additional settlement data regarding transactions on the Warsaw Stock Exchange to custodians acting as clearing participants for remote members on the WSE.
According to the NDS proposal, apart from the real-time data currently distributed (with remote members’ trades concluded during the session) clearing participants will recieve additional data indicating remote members’ “pending settlement” trades (in practice from the last 3 sessions) in a report at the end of each settlement day.
The additional data will enable internal reconciliation of transactions to settle and will give a clearing custodian better control over the settlement process. However, in order to use the additional information, clearing participants have to modify their internal IT systems.