Finland: Euroclear Finland new system for bonds – launch date postponed
Further to our announcement D14027 dated 12 September 2014, we hereby inform customers that the Finnish CSD, Euroclear Finland (EFI) has announced the postponement of the launch of the new platform Infinity. The new launch date is
1 December 2014
The decision was taken jointly with the market participants and, according to EFI, will ensure that all parties will have sufficient time to complete the work needed to adapt to the new platform and to secure a successful production launch.
Impact on customers
Customers should note that the changes to the market practices for bonds currently held in the RM system (settlement system for debt instruments), as detailed in the announcement, will be effective from 1 December 2014. Customers are requested to adapt their processes accordingly.
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.