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Can back-to-back instructions be settled on the local markets?

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Can back-to-back instructions be settled on the local markets?

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In order to ensure that same day turnaround can be achieved for a related purchase and sale in the same security on a domestic market, Clearstream offers a “Domestic Back to Back” service. This service is similar to a linked transactions service whereby the delivery will only be presented for settlement after the settlement of the associated receipt instruction. Information on the settlement possibilities for back-to-back instructions on the different local markets is available in the respective Creation Links Guides which can be found in the Creation Market Guide ( Publications & Downloads).

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