Euroclear Finland Infinity – Volume test

Prior to the December Migration Weekend Dress Rehearsal (MWDR) for Infinity release 2, Euroclear Finland has scheduled a volume test from Monday 20 November to Monday 27 November 2017.

EuroCCP will participate in this Volume test by uploading production trading activity into EuroCCP’s client test environment. Transactions entered into the trading platform’s UAT environment will be processed in EuroCCP’s Client test environment during the full volume testing window. The volume test to be undertaken by EuroCCP is scheduled as follows:-

Monday 20 November 2017
  • Transactions entered into the trading platform’s UAT environment will be processed and settlement instructions will be submitted in the Infinity market test environment.
Tuesday 21 November 2017
  • Production trading activity for trade date Tuesday 21 November 2017 will be uploaded in EuroCCP’s client test environment.
  • Transactions entered into the trading platform’s UAT environment will be processed.
  • Settlement instructions will be submitted in the Infinity market test environment for Intended Settlement Date Thursday 23 November 2017.
Wednesday 22 November 2017
  • Production trading activity for trade date Wednesday 22 November 2017 will be uploaded in EuroCCP’s client test environment.
  • Transactions entered into the trading platform’s UAT environment will be processed.
  • Settlement instructions will be submitted in the Infinity market test environment for Intended Settlement Date Friday 24 November 2017.
Thursday 23 November until Monday 27 November 2017
  • Transactions entered into the trading platform’s UAT environment will be processed and settlement instructions will be submitted in the Infinity market test environment.

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

Settlement instructions which are sent by EuroCCP to settlement agents under a Power of Attorney, will also be distributed during the volume test.

Clearing Participants and their settlement agents are strongly advised to undertake testing, in accordance with Infinity release 2 requirements.

Reporting and during the Volume test

During volume testing, EuroCCP’s CIF file will be generated and distributed from EuroCCP’s test environment as usual.

T2S migration weekend Spain

Following the successful migration of the Spanish market to the Target2-Securities (T2S) platform on Saturday 16 September 2017, we are pleased to announce that EuroCCP is now a Directly Connected Party to the T2S Platform for Iberclear, the Spanish Central Securities Depository. With the migration to T2S, the second phase of the Spanish Market Reform has been successfully implemented.

This is another important milestone which demonstrates EuroCCP’s commitment to providing its clients with the most efficient access to local markets, which improves settlement efficiency. EuroCCP will continue to support direct access to  local markets and has committed to join the future T2S migration waves.

We are pleased to confirm that all pending settlement instructions that were matched prior to the migration weekend have now been successfully migrated to the T2S platform.

From Monday 18 September 2017, realignments, ownership, correction ownership, hold and release requests will be processed in accordance with the new timelines published in the EuroCCP’s migration plan.

Spanish settlement instructions with trade date Friday 15 September 2017 for intended settlement date Tuesday 19 September 2017 will be submitted in T2S at close of business on Monday 18 September 2017.