Article 11
Additional facilities and information
1.
CSDs shall offer participants the possibility to be informed about a pending settlement instruction of their counterparties, either within one hour after the first unsuccessful attempt to match that instruction, or immediately after such an unsuccessful attempt where that attempt has been made within the five-hour period before the cut-off of the intended settlement date or after the intended settlement date.
2.
CSDs shall provide participants with access to real-time information on the status of their settlement instructions in the securities settlement system, including information on:
(a)
pending settlement instructions that can still be settled on the intended settlement date;
(b)
failed settlement instructions that can no longer be settled on the intended settlement date;
(c)
fully-settled settlement instructions;
(d)
partially-settled settlement instructions, including both the settled and unsettled parts of either financial instruments or cash;
(e)
cancelled settlement instructions, including information about whether those instructions have been cancelled by the system or by the participant.
3.
The real-time information referred to in paragraph 2 shall include the following:
(a)
whether the settlement instruction has been matched;
(b)
whether the settlement instruction can still be partially settled;
(c)
whether the settlement instruction is on hold;
(d)
the reasons why instructions are pending or failing.
4.
CSDs shall offer participants either real-time gross settlement throughout each business day or a minimum of three settlement batches per business day. The three settlement batches shall be spread across the business day in accordance with market needs, based on a request by the user committee of the CSD.