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CESAME 2 group

The “CESAME 2” Group is to follow up the work of the well-known “CESAME Group” (the European Commission’s Clearing and Settlement Advisory and Monitoring Expert Group), whose mandate expired on 16 June 2008. CESAME 2 is to carry the momentum built by CESAME in order to achieve the goal of a barrier-free Single European Market for clearing and settlement of securities transactions. The new CESAME 2 Group is composed of 30 high-level representatives of various, mainly private-sector, bodies involved in post trading, along with observers from public authorities.

Presentation of the group

Meetings

DateDocuments
02.03.2010  
Agendapdf Choose translations of the previous link 
Reportpdf
Participantspdf Choose translations of the previous link 

Commission presentations:

Members’ presentations and documents:

Official observers’ presentations:

Guests’ presentations:

20.10.2009
Agendapdf Choose translations of the previous link 
Reportpdf Choose translations of the previous link 
Participantspdf Choose translations of the previous link 

Commission presentations:

Members’ presentations and documents:

Official observers’ presentations

Guests’ presentations

 

08.06.2009AgendaEnglishpdf Choose translations of the previous link 
 ReportEnglishpdf Choose translations of the previous link 
 ParticipantsEnglishpdf Choose translations of the previous link 
   
 Commission presentations 
 Barrier 3 – Interactions between standards and legislationEnglishpdf Choose translations of the previous link 
 EU legislation on legal certainty of securities holding and transactionsEnglishpdf Choose translations of the previous link 
 Draft economic case on the FISCO proposalEnglishpdf Choose translations of the previous link 
   
 Members’ presentations and documents 
 Harmonisation of Settlement Cycles Working GroupAn update on Giovannini barrier 6Englishpdf Choose translations of the previous link 
 Minutes of the first meeting of the Working GroupEnglishpdf Choose translations of the previous link 
 Participants list of the first meeting of the Working GroupEnglishpdf Choose translations of the previous link 
 

Update on work to address Barriers 2&10 and 4&7 ECSDA, SIFMA, ICMA:

Englishpdf Choose translations of the previous link 
 Interconnectivity EvaluationEnglishpdf Choose translations of the previous link 
 Monte Titoli:Interconnectivity issues of the Italian marketEnglishpdf Choose translations of the previous link 
 SIFMA, EPDA:Restrictions on Locations of Clearing and Settlement in the European Government Bond MarketsEnglishpdf Choose translations of the previous link 
 Joint Working Group on General MeetingsBarrier 3: Corporate Actions – Market Standards on General MeetingsEnglishpdf Choose translations of the previous link 
 Consultation on market standards for general meetingsEnglishmsw8
 Corporate Actions Joint Working GroupBarrier 3: Corporate Actions – Market Standards for Corporate Actions ProcessingEnglishpdf Choose translations of the previous link 
 SWIFT:Countdown to 2011: Are you ready to break the Giovannini Barrier?Englishpdf Choose translations of the previous link 
   
 Official observers’ presentations 
 ECB: ESCB-CESR Recommendations for Securities Settlement Systems and Central CounterpartiesPDFEnglishpdf Choose translations of the previous link 
 CEBS: CEBS work on custodian banksEnglishpdf Choose translations of the previous link 
   
09.02.2009AgendaEnglishpdf Choose translations of the previous link 
 ReportEnglishpdf Choose translations of the previous link 
 ParticipantsEnglishpdf Choose translations of the previous link 
   
 Commission presentations 
 An update on Giovannini barrier 6Englishpdf Choose translations of the previous link 
 EU legislation on legal certainty of securities holding and transactionsEnglishpdf Choose translations of the previous link 
   
 Members’ presentations 
 

SIFMA: Barrier 6 – Differences in standard settlement periods

Englishpdf Choose translations of the previous link 
 

ECSDA, SIFMA, ICMA:Barriers 4 & 7, 2 & 10 – Update

Englishpdf Choose translations of the previous link 
   
 Official observers’ presentations and documents 
 ECB: T2S – Status update and work on harmonizationEnglishpdf Choose translations of the previous link 
 CEBS: CEBS work on custodian banksEnglishpdf Choose translations of the previous link 
 CEBS: CEBS’s response to the ECOFIN’s request on custodian banksEnglishpdf Choose translations of the previous link 
   
 Background documents 
 December ECOFIN Council Conclusions on Clearing and Settlement(the draft was adopted without changes)Englishpdf Choose translations of the previous link 
   
20.10.2008AgendaEnglishpdf Choose translations of the previous link 
 ReportEnglishpdf Choose translations of the previous link 
 ParticipantsEnglishpdf Choose translations of the previous link 
   
 Commission presentations and documents 
 An update on Giovannini barrier 2Englishpdf Choose translations of the previous link 
 Barrier 3 – IntroductionEnglishpdf Choose translations of the previous link 
 Legal aspects of Barrier 3 – Advice of the LCG (presentation)Englishpdf Choose translations of the previous link 
 Legal aspects of Barrier 3 – Advice of the LCG (document)Englishpdf Choose translations of the previous link 
 Barriers 13 and 9 – Advice of the Legal Certainty GroupEnglishpdf Choose translations of the previous link 
 Exchange-traded derivativesEnglishpdf Choose translations of the previous link 
 OTC ClearingEnglishpdf Choose translations of the previous link 
   
 Members’ presentations 
 European Repo Council:Revisiting Barriers 2, 9 & 10 – Practical impediments to clearing and settlementEnglishpdf Choose translations of the previous link 
 

EuroCCP:Barrier 2: Location of Clearing and Settlement

Englishpdf Choose translations of the previous link 
 Corporate Actions Joint Working Group:Barrier 3: Corporate Actions – Draft Market Standards for Corporate Actions ProcessingEnglishpdf Choose translations of the previous link 
 Joint Working Group on General Meetings:Barrier 3: Corporate Actions – Part 2: Market Standards on General Meetings, Progress ReportEnglishpdf Choose translations of the previous link 
 

ECSDA, SIFMA:Barrier 7: Different opening hours for investors – Timetable / Milestones

Englishpdf Choose translations of the previous link 
 Eurex Clearing:European OTC Central Counterparty for clearing services in OTC DerivativesEnglishpdf Choose translations of the previous link 
 

LCH.Clearnet Group:SwapClear

Englishpdf Choose translations of the previous link 

Subgroup on Harmonisation of Settlement Cycles

DateDocuments
27.05.2010  Meeting MinutesEnglishpdf Choose translations of the previous link 
Implementation and Monitoring PlanEnglishpdf Choose translations of the previous link 
01.07.2010Conference Call MinutesEnglishpdf Choose translations of the previous link 
21.09.2010Conference Call MinutesEnglishpdf Choose translations of the previous link 
Background documentation
- The role of settlement cycles in corporate actions processingEnglishpdf Choose translations of the previous link 
- Harmonisation of Settlement cycles: Reasons why T+1 was not considered as a valid option.Englishpdf Choose translations of the previous link 
- The case for harmonising settlement cyclesEnglishpdf Choose translations of the previous link