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Eurex Clearing Readiness Newsflash | Eurex Clearing's Securities CCP: Processing for the T2S Release 3.2 deployment weekend 15 - 18 November 2019

Release date: 08 Nov 2019 | Eurex Clearing

Eurex Clearing Readiness Newsflash | Eurex Clearing's Securities CCP: Processing for the T2S Release 3.2 deployment weekend 15 - 18 November 2019

Eurex Clearing Readiness Newsflash

Dear Clearing Member,

TARGET2-Securities (T2S) has announced the introduction of its new software release 3.2 for 
16 November 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 3.2, Eurex Clearing will keep its processing towards the customers stable over the T2S deployment weekend from 15 November to 18 November 2019.  

The T2S software deployment starts on the evening of Friday, 15 November 2019, therefore T2S Night Time Settlement (NTS) will not take place on that Friday and no settlement results will be provided at this time.

As a consequence, CCP reports generated on Friday evening and Saturday morning (CORPT runs) will not contain settlement information on the delivery 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, 18 November 2019 at 05:30 CET. 

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: 

Please refer to CBF announcements no. D19036 “T2S Release 3.2 – Information on production launch – Update II” and no. D19049 "T2S Release 3.2 – Deployment activities" published on 18 October 2019 for more information on T2S/CBF processing on the T2S Release 3.2 deployment weekend.

In addition, CBF will provide an information update on T2S Release 3.2 on 11 November 2019.
 

If you have any questions or require further information, please do not hesistate to contact us at: client.services@eurexclearing.com.

Kind regards,
Your Client Services Team


Recipients:All Clearing Members, Basic Clearing Members, Disclosed Direct Clients of Eurex Clearing AG
Contact:client.services@eurexclearing.com
Web:www.eurexclearing.com

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