T2S Spanish Market Reform – August Business Day testing – reminder

Following the newsflash dated Tuesday 27 July 2017, EuroCCP would like to remind Clearing Participants and their settlement agents of the upcoming Business Day (BD) testing window.

Business Day testing

Between Monday 7 August and Friday 1 September 2017 – full BD testing is scheduled. During these days, test cases can be executed in accordance with the production processing timelines.

Clearing Participants and their settlement agents are strongly advised to undertake testing, including PTI reporting, in accordance with SMR phase II requirements.

During the first week of this BD Testing window, EuroCCP will only copy production trading activity into its Client test environment for trade date 7 to 9 August 2017. Transactions entered into the trading platform’s UAT environment will be processed in EuroCCP’s Client test environment during the full BD testing window.

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

In conjunction with Iberclear and PTI the August BD testing window is scheduled as follows:-

Monday 7 August 2017
  • Start of business day testing – production processing timelines applies.
  • EuroCCP will copy production trading activity for the Spanish market with trade date 7 August 2017 into its Client test environment for intended settlement date 9 August 2017.
Tuesday 8 August 2017
  • EuroCCP will copy production trading activity for the Spanish market with trade date 8 August 2017 into its Client test environment for intended settlement date 10 August 2017.
  • Intended settlement date-1 for trade date 7 August 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 9 August 2017
  • EuroCCP will copy production trading activity for the Spanish market with trade date 9 August 2017 into its Client test environment for intended settlement date 11 August 2017.
  • Intended settlement date-1 for trade date 8 August 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 7 August 2017. Release requests will be processed in the Client test environment in accordance with the production processing timelines.
Thursday 10 August 2017
  • Intended settlement date-1 for trade date 9 August 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 8 August 2017. Release requests will be processed in the Client test environment in accordance with the production processing timelines.
  • At close of business, Iberclear and the PTI will cancel all outstanding transactions in its phase II test environment.
Friday 11 August 2017
  • Iberclear and PTI phase II test environment closed for testing.
  • 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.
  • EuroCCP’s Client test environment will be cleaned.
Monday 14 August – Friday 1 September 2017
  • Continue Business Day testing – production processing timelines applies.

We would refer you to EuroCCP’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.