Buy-side believes prevention rather than cure is best way to tackle trade settlement:
Since the European Central Securities Depositories Regulation (CSDR) introduced the Settlement Discipline Regime (SDR), firms are recognising that preventing trade failures rather than managing them is best practice, irrespective of SDR being implemented.
From conversations with major asset management and asset servicing firms, corfinancial discovered that the creation of an avoidance-based operational model is the preferred option, with effective exceptions management forming a key component in the solution.
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