The Task Force established between VP SECURITIES, Danske Bank, Nordea and SEB still see a high number of un-matched instructions since 29 October 2018, instructed by custody clients.
One, amongst several, root causes are identified as being wrong SSI’s and/or non-adherence to the agreed market practice on how to submit settlement instructions.
VP, Danske Bank, Nordea and SEB urge custody clients to review their un-matched instructions aiming at re-instructing these with correct SSI and/or adherence to the agreed market practice on how to submit settlement instructions.
Please find the information sent out 8 November explaining how settlement instructions shall be submitted.
Questions related to un-matched instructions can be directed either directly to the custody bank, VPs CSD Services or your counterpart for SSI clarification.