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Buy-in Agent

Eurex STS Buy-in Agent Service

Deutsche Börse Group is taking another important step in its efforts to best support both the financial industry and the regulatory agenda. With the Buy-in Agent Service, operated by Eurex Securities Transactions Services GmbH, the Group will offer a solution for an industry-wide challenge posed by the new regulatory framework of the Central Security Depository Regulation (CSDR).

The new regulation on settlement discipline for securities trading transactions obliges the buyer in a securities transaction to initiate a Buy-in process against the seller should the settlement of a transaction fail after a certain period of time. This requires a neutral third party who acts as Buy-in Agent. The Buy-in Agent service closes this gap and enables market participants to comply with the European regulation that will come into force in Q1/2021. In addition, the solution provides a high level of standardisation and automation in order to resolve the operational burden which is associated with the new mandatory Buy-in process.

For more information about the Buy-in Agent Service please visit Eurex STS’ website: www.buyinagent.com.