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24 Aug 2020

Eurex Clearing

T2-T2S consolidation: Go-live date postponed by ECB

Eurex Clearing Circular 072/20

1.   Introduction

On 28 July 2020, the Governing Council of the European Central Bank (ECB) announced a twelve-month postponement of the go-live date for the T2-T2S consolidation project. The initial go-live was scheduled for November 2021 (see also Eurex Clearing circular 039/20). 

The new go-live date is now planned for November 2022.

Further information regarding the new project timeline/milestones will be provided by Eurex Clearing in due time, depending on further announcements from the ECB project.

2.   Required action

None.

3.   Details

For more information, please refer to the ECB website:

https://www.ecb.europa.eu/paym/intro/news/html/ecb.mipnews200728.en.html

Unless the context requires otherwise, terms used and not otherwise defined in this circular shall have the meaning ascribed to them in the Clearing Conditions or FCM Clearing Conditions of Eurex Clearing AG, as applicable.
 

Further information

Recipients:

All Clearing Members, FCM Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG, vendors and other affected contractual parties

Target groups:

Front Office/Trading, Middle + Back Office

Contact:

client.services@eurexclearing.com

Related Eurex Clearing circular:

039/20

Web:

T2-T2S Consolidation initiative page

Authorised by:

Jens Janka