Dear Clearing Member,
We would like to draw your attention to TARGET2-Securities (T2S)'s announcement that implementation of its new software for Release 4.3 is planned for 22 February 2021.
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 4.3, Eurex Clearing will keep its processing towards the customers stable over the T2S deployment weekend from 19 February to 21 February 2021.
The T2S software deployment starts in the evening of Friday, 19 February 2021, 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, 22 February 2021 at 05:30 CET.
Please refer to CBF announcement “T2S Release 4.3 – Information on production launch and SWIFT Maintenance Release – Update” and D20053 "T2S Release 4.3 – Deployment activities" published on 8 January 2021 for more information on T2S/CBF processing during the T2S Release 4.3 deployment weekend.
Your Client Services Team
|All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors|
Middle + Backoffice, IT/System Administration