ICMA publishes market best practice recommendations to support settlement efficiency in the secondary bond markets
22 June 2022 ICMA has published secondary market best practice in support of settlement efficiency, intended to be applied by ICMA members in the context of the international secondary bond markets. These best practice recommendations have been developed through the work of ICMA European Repo and Collateral Committee (ERCC) and the ERCC Operations Working Group. The ERCC Committee endorsed this list of best practices in January 2022, highlighting the commitment of member firms to follow these recommendations for the benefit of the wider market and to encourage other firms to do the same. The recommendations have now been adapted and endorsed by ICMA’s Secondary Market Practices Committee (SMPC) and are intended to be applied in the secondary bond markets.