ART-78 · Wave 17 · Settlement Discipline · W-A Flagship

CSDR Cash-Penalty Calculator

Flagship. Computes the CSDR cash penalty for a settlement fail: selects the asset-class daily rate (including Oct-2025 RTS increases), applies fail duration and reference notional, credits partial settlement, and projects forward penalty exposure. Part of the settlement-discipline-penalty and settlement-discipline-buyin chains.

W-A FLAGSHIP Equities 1 bp/day · SSA bonds 0.50 bp/day ESMA RTS 13 Oct 2025 Verify current rates
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Fail details
RATE TABLE · CSDR-RTS-2025-10
Equity: 1.00 bp/day SSA bond: 0.50 bp/day Non-SSA bond: 0.50 bp/day ETF: 0.50 bp/day Illiquid: 1.00 bp/day
CSDR cash penalty
Penalty breakdown
Compliance flags
OpenChainGraph v0.4 artifact · execution_hash: