OneClearstream Austria migration Update 1

06.12.2018

Please be informed that Clearstream Banking has started its OneClearstream market rollout activities for the Austrian market  as communicated in previous announcements.

Please note that it is planned to release queued and recycled domestic settlement instructions during the course of the migration to the new depository CBF at around 15:30. A dedicated customer communication point has been introduced (No. 6) in order to enable close monitoring of the settlement of these instructions.

We will keep you informed about the migration progress as per the following schedule (all timings are indicative and customers will be informed if there are any significant delays):

NoTiming   Activity to be confirmed
1Thu 09:00Clearstream has started the migration activities.
2Thu 16:00ISINs in scope of the market rollout are now available on the Clearstream website (Note: Still subject to further changes).
3Thu 18:45Point of No Return.
4Fri 11:30The final confirmed list of ISINs being migrated is now available on the Clearstream website.
5Fri 12:30Early 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.
6Fri 13:30  The cancellation of pending unmatched external settlement instructions in the domestic market has been completed and the CBL position transfer has started.
7Fri 15:30Release of queued and recycled domestic settlement instructions to CBF.
8Fri 18:45

The CBL position transfer has been completed and queued customer instructions are now released to the domestic market (CBF).

If all positions cannot be successfully migrated in the T2S RTS processing on Friday, we will aim to migrate these in the NTP processing value Monday.

9Sat 08:00aThe position transfer is now completed. The migration activities have been completed successfully.
Note: Any exceptions will be reported with this communication.

a. If the position transfer is not completed on Friday, the NTP value Monday will also be used. If there are activities left to be completed on Monday, customers will be advised here.

Please refer to the OneClearstream page on the Clearstream Banking website for more information.