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

The buy-in agent will therefore accepts buy-in requests from registered clients, source the securities in automated auctions, and deliver the securities on the same day to the clients’ account of choice. All costs associated with the buy-in can be charged to the seller.

In addition to the actual buy-in execution, the Deutsche Börse buy-in agent will offer the following services:

• On-hold instruction of the failed delivery by start of the buy-in
• Cancellation of the failed delivery by end of the buy-in
• Notification management with seller and CSD
• Calculation and settlement of cash differences and cash compensations
• Settlement instructions for cash and securities with power of attorney 
• Identification and resolution of settlement failure chains and cycles

The buy-in agent project team can be contacted under the following e-mail address: buyinagent@deutsche-boerse.com