Wednesday November 12 2014
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: US
The Belgian National Bank’s Securities Settlement System (NBB-SSS) will implement the first phase of its adaptation to TARGET2-Securities (T2S).
In this first phase, NBB-SSS will launch a new platform that introduces most of the T2S features. The second phase, planned for March 2016, will be the outsourcing of their settlement activity to T2S.
Clearstream Banking will implement the required adaptation to its own systems in its enhancements for the November SWIFT Release, effective 17 November 2014, and customers will therefore need to adapt their instruction formats by that date.
Pending instructions received before end of day on 14 November with the current format that have not yet been released to the market will be rejected and will need to be reinstructed with the new formats.
Some of Clearstream’s adaptations will only be effective as from the NBB-SSS launch date of 1 December 2014 and not as from 17 November 2014. Customers are therefore asked to check which of the detailed new features mentioned below can be applied as from 17 November 2014.
Click on the above link for further details.