LMFP

Late Matching Fail Penalty

Applies from the intended settlement date until the matching date. The penalty is charged to the participant who was last to enter or modify the relevant settlement instruction (for example, "accepted timestamp" is later than the one of the counterparty's instruction) for the periods between the ISD and the day of matching of the instruction.

SEFP

Settlement Fail Penalty

Penalties apply to instructions that fail to settle on the intended settlement date. A settlement instruction that "fails to settle on that business day" must be understood as a settlement instruction that is not cancelled and remaining to be settled, fully or partially, by the time of the end of processing of the relevant cut-off.

BOTH

Sum of Penalties Based on Securities and Cash

That is the sum of the penalty based on the quantity of securities failed to be delivered and penalty rate of the ISIN; and the penalty based on the amount of cash failed to be delivered and the discount rate of the currency.

CASH

Penalty Based on Cash

Penalty is based on the amount of cash failed to be delivered and the penalty rate is the discount rate of the relevant currency.

MIXE

Penalty Based on the Discount Rate

The penalty is based on the quantity of securities failed to be delivered and penalty rate is the discount rate of the relevant currency.

SECU

Penalty Based on Securities

The penalty is based on the quantity of securities failed to be delivered and penalty rate of the ISIN.