T2S Spanish Market Reform Client test plan – reminder

Following the newsflash dated 11 April 2017 regarding the publication of the T2S Spanish Market Reform Client test plan, EuroCCP would like to remind Clearing Participants and their settlement agents of the importance of testing the settlement and registration process in ARCO II / T2S mode and the submission of the Readiness statement.

With the introduction of T2S in the Spanish market, the settlement process will be performed in accordance with the procedures and timetables laid down by T2S. In order to ensure a smooth migration to T2S, EuroCCP offer the testing of the settlement and registration process in ARCO II / T2S mode to its Clearing Participants and their settlement agents that are active in the Spanish market.

EuroCCP strongly recommends that all parties undertake appropriate testing, including participation in the Business Day Testing organized by T2S, Iberclear and PTI. The next Business Day Testing is scheduled on Monday 7 August 2017. EuroCCP’s client test environment is now available for testing in ARCO II/T2S mode.

Clearing Participants that are active in the Spanish market must confirm their readiness for the migration to ARCO II/ T2S by returning the signed readiness statement no later than 1 September 2017.

Further details on the testing requirements, EuroCCP’s Client test environment, test cases and Readiness statement completion can be found at Client test plan Spain T2S.