Unified for New Opportunities: Updated market activation waves and client timeline - Update IV
Reference
Note: This Announcement, originally published on 27 February 2026 and updated on 2 March 2026, 11 March 2026 and 3 August 2026, has been further updated with changes to the markets in scope for Wave 4, 5 and 6. Changes have been highlighted.
As part of the Unified for New Opportunities initiative, Clearstream Europe AG1 informs clients about updated market activation waves and client timeline.
Clearstream Europe is refining its upcoming market activation plans to ensure a smoother and more balanced rollout for all clients. Based on recent client feedback, Clearstream Europe will adjust the distribution of markets across the waves and introduce a new wave 5 to create clearer preparation windows and a more manageable sequence.
Revised timeline for Project UNO market activation waves
Market Activation Timeline | Markets in scope |
Wave 2 (1 June 2026) | Switzerland U.S.A. |
Wave 3 (11 September 2026) | Czech Republic |
Wave 4 (4 December 2026) | Argentina |
Wave 5 (9 April 2027) | Transfer Agents - Mutual Funds |
Wave 6 (to be confirmed) | Bulgaria |
a. Exchange Traded Fund (Fund traded on an exchange that holds a basket of assets).
b. Exchange Traded Commodity (Traded product that tracks a single commodity or a commodity index).
c. Exchange Traded Note (Traded, unsecured debt instrument issued by a financial institution).
Impact on clients
Key client milestones and deadlines:
- Feedback on the future account setup is required from clients by end of Q2 2026.
- Account setup readiness must be ensured by end of 2026.
- Final migration date to be confirmed.
- Closure of 6-series accounts date to be confirmed.
Clearstream Europe trusts that these adjustments address feedback from clients and further supports preparation efforts.
Further Information
Additional resources are available to support client transition. Unified for New Opportunities rollout documentation, including a Summary Session, are published under Unified for New Opportunities.
For further information or questions, please contact UNO@clearstream.com.
------------------------------------------
1. This Announcement is published by Clearstream Europe AG (CEU), 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.