T2S Release 6.1 – Introduction on 19 September 2022 – Update II

29.08.2022

Note: This announcement, originally published on 28 April 2022 and enhanced on 18 July 2022, has been further updated to provide a latest PBI list for customers acting in DCP mode. Changes have been highlighted.

Clearstream Banking AG, Frankfurt1 informs customers on the upcoming TARGET2-Securities (T2S) Release 6.1. According to the T2S Release Concept, the resolution for various T2S Problem Tickets (PBIs) will be deployed on

Saturday, 17 September 2022
for the business day Monday, 19 September 2022

T2S Release 6.1 - Scope

Based on the T2S status reporting of beginning of July 2022, with T2S Release 6.1, the resolution of 36 Problem Tickets is envisaged for a delivery in production. CBF’s assessment related to these Problem Tickets (PBIs) shows that these fixes will not require any software changes in CBF and that the changes have no impact on CBF customers acting in ICP mode. For customers acting in DCP mode, ten PBIs have been identified, eight of them affecting adaptations to the graphical user interface (GUI). 

T2S Release 6.1 – Transition plan

The Market Infrastructure Board (MIB) will decide on the deployment of T2S Release 6.1 in production once the expected results have been achieved during testing. The final decision is to be made on Tuesday, 6 September 2022.

The deployment of T2S Release 6.1 into production is planned for business day Monday, 19 September 2022. The implementation of the software will take place during the weekend’s T2S maintenance window. Meaning that currently no changes in the T2S Operational Day are expected for the end of day (EoD) procedure on Friday, 16 September 2022, or for the start of business day on Monday, 19 September 2022.

The below table provides an overview of the upcoming T2S milestones:

T2S Service Transition Plan

Activity for T2S Release 6.1

Date

End of testing of scope elements in UTEST

Wednesday, 31 August 2022

Final approval of deployment to Production by MIB

Tuesday, 6 September 2022

Deployment to Production environment

Saturday, 17 September 2022

Customer simulation

The simulation activities will be conducted in a “free simulation mode”. The already established static data for CBF accounts and the related connectivity settings in the CBF customer simulation environment (IMS23) remain unchanged.

Irrespective of whether CBF has to modify its software, CBF will maintain its link to the T2S Pre-Production environment (UTEST) so that customers can test on their demand. Since Friday, 5 August 2022, the updated software is available for testing.

Contact

For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer. Questions related to the technical connection can be addressed to Connectivity Support. Particular questions related to the production launch in September 2022 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.