Settlement

SWX Europe's integrated settlement solution is based on the co-operation of three inter-linked Central Securities Depositories (CSDs).

Each depository is able to support the settlement of all its customers' trades facilitating settlement between each other via real-time links. SWX Europe members decide which depository should settle each jurisdiction of security within the framework of the Service Matrix. Thus they may employ one, two or a combination of all three CSDs to settle their SWX Europe transactions.

Each depository provides an outline service description, as well as a description on how Corporate Actions are handled across the three CSDs.