OneClearstream Slovenia and Ireland Migration - Update 1
Clearstream informs clients that it has started its market roll out activities for Slovenia and Ireland, as communicated in previous announcements.
Clients should note that it is planned to release queued and recycled domestic settlement instructions, during the course of the migration to the new depository Clearstream Banking Frankfurt (CBF) for Slovenia and Euroclear Bank for Ireland on Friday around 15:30.
Clearstream will keep clients informed about the migration progress as per the following schedule (all timings are indicative, and clients will be informed if there are any significant delays):
No | Estimated Timing | Activity to be confirmed |
1 | Thu 09:00 | Clearstream has started the market migration activities. |
2 | Thu 16:00 | ISINs in scope of the market roll out have been provided to WM and are available on the OneClearstream rollout documentation page |
3 | Thu 19:00 | Point of No Return. |
4 | Fri 10:30 | The list of ISINs to be populated with the LMP from date has been shared with WM and is now available on the Clearstream website |
5 | Fri 11:00 | Early cut-off time for domestic settlement in the domestic markets has been put in place and the cancellation of pending unmatched external settlement instructions in the domestic markets has started. |
6 | Fri 13:30 | The cancellation of pending unmatched external settlement instructions has been sent to the domestic market and the Clearstream Banking (CBL) position transfer has started |
7 | Fri 15:30 | Release of queued and recycled domestic settlement instructions to CBF for Slovenia and to Euroclear Bank for Ireland |
8 | Fri 18:00 | The CBL position transfer has been completed and customer instructions are released to the domestic market (CBF for Slovenia and to Euroclear Bank for Ireland). |
9 | Fri 20:00 | The migration activities are completed. Note: Any exceptions will be reported with this communication |
Clearstream asks clients to raise any market rollout-related question with their regular Client Services team.