Newsletter - Full speed ahead
Have you seen the latest marketing newsletter from us?
In the latest edition we wrote about
- Full speed ahead with T2S project
- Market testing starts in October
- Working side by side
- Key dates & milestones in T2S project in Finland
- CSD Regulation update
Full speed ahead
The Finnish market is soon reaching the halfway point on its journey towards TARGET2-Securities (T2S). The enhancements towards European standards and harmonisation will add value for the end-user but implementing these changes require a massive effort from the entire market. Programmes are always a challenge, as is keeping on track with the deadlines that are set by T2S. Rest assured that the approaching summer period will not slow down the speed of the Infinity programme.
Market testing starts in October
The market testing will prepare the Finnish market to the second release of Infinity which will replace the current equity market systems.
- To prepare our market for the smooth and automated migration we offer the possibility to update account and customer information free of charge between July and September, says Anu Puttonen, T2S Product Manager in Euroclear Finland.
Working side by side
The new Account Management team helps our participants on our common journey towards TARGET2-Securities (T2S). This team will make sure that we are all on board when we go-live with the coming Infinity releases.
Key dates & milestones in T2S project in Finland
We are working in close co-operation with market participants in the lead up to T2S with monthly meetings for Project Managers, Test Managers and Migration Managers; and a quarterly meeting of the Business Reference Group and the Technical Reference Groups. We are also meeting our equity and warrant issuers and issuer agents as Infinity introduces new processes for corporate actions, cash payments and their timelines.
CSD Regulation update
The European authority ESMA published a proposal in late 2014 specifying what CSDR will require of CSDs and their participants. At the same time with CSDR implementation Euroclear Finland is rebuilding its core IT system. The new CSD platform, Infinity, is one step closer to joining the TARGET2-Securities in 2017.