Monday September 24 2018
News Source: Global Exchanges
Focus: Other
Type: General
Country: Denmark
Link: https://euroccp.com/2018/09/13/t2s-denmark-danish-kroner-reminder/
Due to the migration of the Danish Kroner denominated settlement activity to the TARGET2 Securities platform. EuroCCP would like to remind Clearing Participants of the forthcoming changes to EuroCCP’s Standard Settlement Instructions (SSIs), Client testing requirements, Business Day testing and the EuroCCP T2S migration plan.
The changes to EuroCCP SSIs VP Securities are as follows:
| Delivery / Receiving party BIC (DEAG / REAG) | EMCFNL2AXXX |
| Securities Account | VPDK17501175001 |
| CSD of Delivering / Receiving party (PSET) | VPDKDKKKXXX |
EuroCCP’s new SSIs, will apply from settlement date Monday 29 October 2018 following the migration weekend:-
All settlement instructions to which EuroCCP is a counterparty will settle on the T2S platform. Clearing Participants must therefore have undertaken all necessary actions to ensure that the correct account structure is arranged with VP Securities, to enable them to settle the CCP related activity within a T2S securities account.
For further information please click on the link above.