• Apua

Euroclear Finland announces next steps for delivering Infinity

Together with the market participants we have decided to further investigate alternative options for delivering the remaining phases of Infinity. 

We will soon open a consultation with market participants on how best to deliver the remaining phases. We are putting forward two options for market consultation:

  • launch Infinity Release 2 in May 2017
  • launch Infinity Release 2 and Release 3 at the same time in September 2017, as part of the final T2S Wave

Our objectives are to: 

  • secure a smooth and timely migration of the Finnish market to the TARGET2-Securities (T2S) platform
  • meet the requirements stemming from the CSD Regulation (CSDR) 

 

Options for market consultation

Option 1 - Launch Infinity Release 2 in May 2017

  • This means that current market practices and the interfaces of our equities platforms, HEXClear and Central Register, will remain valid until the launch of Release 2 in May 2017

Option 2 - Launch Release 2 and Release 3 in September 2017

  • This means that current market practices and the interfaces of our equities platforms, HEXClear and Central Register, will remain valid until Euroclear Finland migrates to T2S 

Please note that we considered a release in Q1 2017 not feasible with T2S Wave 4 migrations taking place in February 2017. 

Decision within couple of weeks
We will separately:

  • consult market participants to agree on the option that best serves the needs of the Finnish market
  • confirm the agreed approach soon after the market consultation is closed

Happy to help

Sivun alkuun