Wednesday October 5 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
Link: http://www.clearstream.com/clearstream-en/newsroom/161004/83366
A Migration Weekend Dress Rehearsal (MWDR) involving Clearstream’s CSDs in Germany and Luxembourg was completed between 30 September and 2 October 2016. This test was conducted with the Eurosystem, SWIFT and all wave 4 Central Securities Despositories (CSDs) and national central banks (NCBs.)
The migration test was completed successfully within expected timeframes. The MWDR is in preparation for migration to the T2S (TARGET2-Securities) platform, which is scheduled to take place in February 2017.
The final migration testing will be executed together with the German community in mid-December 2016 in production-like environments at the European Central Bank (ECB) and Clearstream. Clearstream will perform the preparatory pre-migration phase based on most recent data to the maximum extent possible to ensure the best possible preparation of its community.
The target for the December test will be to confirm this successful performance of the migration exercise with market participation.
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