T2S Release R2025.FEB – 17 February 2025 - Update

20.01.2025

Note: This Announcement, originally published on 27 August 2024, has been updated to inform about the extended scope of the CBF release and to confirm the successful implementation of the new software in the client simulation environment. Changes have been highlighted.

Clearstream Banking AG, Frankfurt1 informs clients about the TARGET2-Securities (T2S) Release R2025.FEB. According to the T2S Release Concept, the resolution for T2S Problem Tickets (PBIs) will be deployed on

Saturday, 15 February 2025
for the business day Monday, 17 February 2025

T2S Release R2025.FEB - Scope

Based on the T2S status reporting of beginning of January 2025, for T2S Release R2025.FEB eleven Problem Tickets (PBIs) have been scheduled for a delivery in production. 
CBF’s assessment related to these Problem Tickets shows that the fixes will not require any changes in CBF’s software. CBF clients operating in DCP mode (as “directly connected participants“) can be affected by PBI 233990:

Business Scenario Description:
The DCP sends semt.028 messages (Intra Position Movement Query) with status PACK (Processing status = Accepted).

Issue Description:
The DCP receives as response an unexpectedly empty semt.029 message, although one Intra-Position Movement should be included. The Intra-Position Movement was not cancelled and not settled what exactly corresponds to PACK status. In this case, the query did not work properly.

Current Workaround in Place:
Not use the status criteria PACK for semt.028 messages.“

T2S Release R2025.FEB – Transition plan

According to the T2S Release Concept, the deployment of T2S Release R2025.FEB into production will be effective as of business day Monday, 17 February 2025. The implementation of the software will take place during the weekend’s T2S maintenance window.

The table below provides an overview of the important T2S milestones within the next months:

T2S Service Transition Plan

Activity for T2S Release R2025.FEB 

Date 

End of testing of R2025.FEB scope elements in Pre-Production 

Wednesday, 29 January 2025 

Deployment of R2025.FEB to Production 

Saturday, 15 February 2025 

Client simulation

The updated software for T2S Release R2025.FEB has been installed successfully on Friday, 17 January 2025, in the T2S Pre-Production Environment (UTEST).

Clients can decide to enter regression test cases in the CBF Client Simulation environment (IMS23) until 29 January 2025. The already established static data for CBF accounts and the related connectivity settings in IMS23 remain unchanged. For regression testing, please send an email to t2s-support@clearstream.com to be registered as a tester and to receive more details about the simulation requirements.

Further information

For further information, clients may contact Clearstream Banking Client Services or their Relationship Officer. Particular questions related to the production launch in February 2025 will be routed to the experts of the T2S Settlement Functionality team.

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1. This Announcement is published by Clearstream Banking AG (CBF), registered office at Mergenthalerallee 61, 65760 Eschborn, Germany, registered with the Commercial Register of the District Court in Frankfurt am Main, Germany, under number HRB 7500.