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Eurex Clearing
Dear Clearing Member,
TARGET2-Securities (T2S) has announced the introduction of its new software release 3.0 for 8 June 2019.
As Eurex Clearing acts as T2S Indirectly Connected Participant (ICP) and uses Clearstream Banking Frankfurt (CBF) as Settlement Agent towards T2S, Eurex Clearing will not be directly affected by the T2S software deployment.
In the context of T2S Release 3.0, Eurex Clearing will keep its processing towards the customers stable over the T2S introduction weekend from 7 June to 10 June 2019.
The T2S software deployment starts in the evening of Friday, 7 June 2019, therefore, T2S Night Time Settlement (NTS) will not take place on this Friday and no settlement information will be provided at this time.
Therefore, CCP reports generated on Friday evening, 7 June 2019, and Saturday morning, 8 June 2019 (CORPT runs), will not contain settlement information on the deliveries sent out for T2S settlement.
These settlement results will be provided in the next regular CCP settlement reports, i.e. CE270/1/2 from Reporting Run 1 (First Run of Day) which will be generated on Monday, 10 June 2019 at 05:30 CEST.
More details on the CCP processing in the context of T2S can be found in the CCP 12.0 (T2S wave 4) Release Notes, available on the Eurex Clearing website www.eurexclearing.com under the following link:
Technology > Eurex Clearing’s Securities CCP > System documentation > Release 12.0/T2S wave 4
Please refer to CBF announcement no. D19022 “CBF Release Information May and June 2019” published on 10 April 2019 and to announcements no. D19005 and no. D19025 for more information on T2S/CBF processing on the T2S Release 3.0 deployment weekend.
Kind regards,
Your Client Services Team
| Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
| Contact: | client.services@eurexclearing.com |
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