Clearstream announces matching of Bridge instructions to be near real-time

Deutsche Boerse’s Clearstream just announced that phase 2 of the Bridge enhancements will be effective on 19 June 2017. The main goal will be to further improve the matching process to near real-time and to almost triple the number of inter-ICSD settlement transmissions.

These enhancements will be brought about by the introduction of a rolling matching file (ACE) exchange pattern that will increase the frequency to near real-time. Customers will benefit from faster matching results thus enabling better cash management.

In addition, the implementation of second level matching will further improve matching efficiency.

Customers will also benefit from:

  • Increasing the inter-ICSD settlement transmissions from 17 to 48;
  • An extension of the Bridge settlement between both ICSDs from 18:30 CET to 19:05 CET; and
  • Enhanced settlement periods and deadlines.

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