04 Jun 2021

Eurex Clearing

Eurex Clearing Readiness Newsflash | CCP: Processing during the T2S Release 5.0 deployment weekend 11-13 June 2021

Eurex Clearing Readiness Newsflash | CCP: Processing during the T2S Release 5.0 deployment weekend 11-13 June 2021

Dear Clearing Member,

We would like to draw your attention to TARGET2-Securities (T2S)'s announcement that implementation of its new software for Release 5.0 is planned for 14 June 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 5.0, Eurex Clearing will keep its processing towards the customers stable over the T2S deployment weekend from 11 June, 20:00 CEST to 13 June 2021, at around 06:00 CEST.

The T2S software deployment starts in the evening of Friday, 11 June 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, 14 June 2021 at 05:30 CEST.

Please refer to CBF announcement "Information on the production launch in June 2021 – T2S Release 5.0 and CBF services – Update III" and announcement D21023 "T2S Release 5.0 – Deployment activities" published on 7 May 2021 for more information on T2S/CBF processing during the T2S Release 5.0 deployment weekend.

Learn more about Eurex topics! To help Clearing Members keep up with all Eurex updates, all support information is now available via Eurex Support and on the go via the personalized Eurex App.

Kind regards,
Your Client Services Team

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All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG and vendors 

Target groups:

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