Nov 12, 2020
Eurex Clearing
Eurex Clearing Readiness Newsflash | CCP: Processing during the T2S Release 4.2 deployment weekend 20-22 November 2020
Dear Clearing Member,
We would like to draw your attention to TARGET2-Securities (T2S)'s announcement that implementation of its new software for Release 4.2 is planned for 23 November 2020.
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 4.2, Eurex Clearing will keep its processing towards the customers stable over the T2S deployment weekend from 20 November to 23 November 2020.
The T2S software deployment starts in the evening of Friday, 20 November 2020, therefore T2S Night Time Settlement (NTS) will not take place on that Friday and no settlement results will be provided at this time.
Therefore, CCP reports generated on Friday evening and Saturday morning (CORPT) will not contain settlement information on the settlement instructions provided for T2S settlement.
The T2S 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, 23 November 2020 at 05:30 CET.
Please refer to CBF announcement no. D20038 “T2S Release 4.2 – Information on production launch and SWIFT Maintenance Release” and D20050 "T2S Release 4.2 – Deployment activities" published on 23 October 2020 for more information on T2S/CBF processing during the T2S Release 4.2 deployment weekend.
Kind regards,
Your Client Services Team
Follow us on Twitter @EurexGroup, LinkedIn and YouTube for more updates or visit our website.
Eurex Clearing is part of Eurex Group. Find out more here.
Recipients: | All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors |
Target groups: | Middle + Backoffice, IT/System Administration |
Contact: | client.services@eurexclearing.com |
Web: | www.eurex.com/ec-en/ |
