Migration to T2S a step nearer

(Created: 16.06.2017 12:15, Source: NCDCP)

A decision about the date has been made for NCDCP to migrate to the TARGET2-Securities (T2S) system. According to this decision, NCDCP will transfer to T2S over the weekend 28 – 29 October 2017 in the stabilisation phase following the 5th Migration Wave.

Documentation is now being prepared to enable NCDCP to migrate to the T2S system at the approved deadline. In the period leading up to migration, NCDCP will conduct tests of all system functionalities, including joint tests with participants of the central depository, prepare a detailed migration scenario and carry out other necessary actions. NCDCP is participating actively in the competent committees and groups organised by the European Central Bank (ECB) on T2S and is coordinating its preparations for migration with them. The ECB has confirmed the readiness of NCDCP’s personnel and technology by issuing of a certificate of successful completion of Eurosystem testing for T2S.