Reminder – T2S Spanish Market Reform – 3rd MWDR and Business Day Testing

Following the Newsflash dated Friday 26 May 2017, EuroCCP would like to remind Clearing Participants and their settlement agents of the availability of EuroCCP’s Client test environment, the upcoming third Migration Weekend Dress rehearsal (MWDR) and the Business Day testing window.

EuroCCP Client test environment

From 5 June 2017, testing in ARCO II/ T2S mode will be available in EuroCCP’s Client test environment.

Migration Weekend Dress Rehearsal

EuroCCP will participate in the third MWDR for the Spanish market, which is scheduled from Friday 2 June until Sunday 4 June 2017. This MWDR will be used to test the migration process, in conjunction with Iberclear and the Post Trade Interface (PTI).

In preparation of the third MWDR no reports or messages relating to Spanish trading activity will be sent from EuroCCP’s Client test environment to Iberclear and the PTI test environment on Friday 2 June 2017.

On Monday 5 May 2017, the Client test environment will be open for testing activity once again.

Business Day testing

Between Monday 5 and Wednesday 7 June 2017 – full Business Day testing is scheduled. During these days, test cases can be executed in accordance with the production processing timelines and EuroCCP will copy production trading activity into its Client test environment for trade date 5 to 7 June 2017. Clearing Participants and their Settlement Agents are strongly advised to undertake testing, including PTI reporting, in accordance with SMR phase II requirements.  We would refer you to EuroCP’s Client test plan Spain T2S for the production and test processing timelines,.  Please note that the Business Day test schedule is subject to change and may be updated.

Monday 5 June 2017
  • Start of business day testing – production processing window applies.
  • EuroCCP will copy production trading activity for the Spanish market with trade date 5 June 2017 into its Client test environment for intended settlement date 7 June 2017.
Tuesday 6 June 2017
  • Business day testing – production processing window applies.
  • EuroCCP will copy production trading activity for the Spanish market with trade date 6 June 2017 into its Client test environment for intended settlement date 8 June 2017.
  • Intended settlement date -1 for trade date 5 June 2017. Execution Realignment files, Ownership Reporting and Hold and Release requests will be processed in the Client test environment in accordance with the production processing timelines.
Wednesday 7 June 2017
  • Business day testing – production processing window applies.
  • EuroCCP will copy production trading activity for the Spanish market with trade date 7 June 2017 into its Client test environment for intended settlement date 9 June 2017.
  • Intended settlement date-1 for trade date 6 June 2017. Execution Realignment files, Ownership Reporting and Hold and Release requests will be processed in the Client test environment in accordance with the production processing timelines.
  • Intended settlement date for trade date 5 June 2017. Release requests will be processed in the Client test environment in accordance with the production processing timelines.
Thursday 8 June 2017
  • Normal test day – test processing window applies.
  • Intended settlement date -1 for trade date 7 June 2017. Execution Realignment files, Ownership Reporting and Hold and Release requests will be processed in the Client test environment in accordance with the test processing timelines.
  • Intended settlement date for trade date 6 June 2017. Release requests will be processed in the Client test environment in accordance with the test processing timelines.
  • At close of business, Iberclear and the PTI will cancel all outstanding transactions in its phase II test environment.
Friday 9 June 2017
  • Normal test day – test processing window applies.

Transactions entered into the trading platform’s UAT environment will be processed in EuroCCP’s Client test environment during the Business Day Testing.

The execution IDs of the production trading activity for Spain which is copied in EuroCCP’s Client test environment during the business day test, will include a small b or s instead of the capital B or S.

Reporting during the third MWDR & Business Day testing

During the third MWDR and Business Day testing, EuroCCP’s CIF file will be generated and distributed from EuroCCP’s test environment as usual.