| Market: | All |
| Products: | Cash |
| Date: | 15 July 2008 |
Single Order Book, ESES and LCH.Clearnet Flux Bourse
1st Launch rehearsal scenario on the test platform
LCH.Clearnet is pleased to provide members with the details relating to the timetable and the points of contact for the first launch rehearsal of the SOB, ESES and LCH.Clearnet Flux Bourse projects.
Members are kindly requested to return their contact details, if they haven’t so already, in order to receive SMS messages and be easily reached from Friday to Sunday (nights included). Please complete and return the attached form (extracted from the detailed testing guide), before Friday 18 July 2008 at the latest.
Detailed timetable for the launch rehearsal period: 21 July to 04 August 2008:
Monday 21 July:
After Euroclear group’s green light (expected during the day): An Info Flash will be sent to confirm the launch of SOB/ESES stream 3.
Friday 25 July:
- After NYSE Euronext’s green light: An Info Flash will be sent to confirm the green light for the launch of SOB.
- During the day: An Info Flash will confirm that the first trades have been injected by LCH.Clearnet for the monitored tests.
- In order to get fails returns, Members are recommended to check that their balances are flat enough at the CSDs, in particular at Euroclear Netherlands were the balances are not initialised to zero for the securities involved in the script and monitored tests.
Reminder: Monitored tests represent a minimum of testing to validate conversion and transfers of positions, the scenarios proposed do not cover all the situations, Members are recommended to perform additional test cases on their initiative.
Tuesday 29 July:
During the day: An Info Flash will confirm that the second trades have been injected by LCH.Clearnet for the monitored tests.
Friday 01 August:
- In the morning: A test SMS will be sent to validate the communication system.
- Around 03:30pm CET: An Info Flash + SMS will be sent to confirm that the SIF file on the Portuguese clearing segment has been sent (no impact).
- On the Belgium Clearing segment: Corporate actions for coupon detachment are manually regularised (cf Euroclear’s test on BE0003573814 Ter Beke). As a consequence, the regularisations will be reported in the Monday’s SIF file.
- In the evening: Data referential update of the CSD of reference for some securities. Data disseminated via the Cash data referential file (0453) and data providers.
- After Euroclear group’s point of no return reached (end of accounting day): An Info Flash + SMS will be sent to confirm the green light for the launch of ESES stream 3.
- Around 11:00pm CET: The PR3 file will be sent to Members (no impact), an Info Flash + SMS will be sent to confirm that the file has been sent.
Saturday 02 August:
- During the day:
- LCH.Clearnet will convert and transfer positions to the market of reference of Multilisted securities and will change the CSD of reference. The Currency conversions will
be performed with the currency rates officially published in the evening of Friday 01 August available in the Span file (Records T: Currencies exchange rates). - Info Flashes + SMS will be sent to update Members on these migration processes with the expected time of SIF/BIF files dissemination.
- LCH.Clearnet will send all the positions to be settled in the full ESES stream 3 configurations to Euroclear.
- LCH.Clearnet will convert and transfer positions to the market of reference of Multilisted securities and will change the CSD of reference. The Currency conversions will
- Expected around 11:00pm CET: LCH.Clearnet will disseminate the SIF/BIF files that will report the first positions for settlement in ESES stream 3 after Euroclear’s validation. An Info Flash + SMS will be sent to confirm that the SIF/BIF files have been disseminated.
Sunday 03 August:
- Members are required to check that the SIF/BIF files are available on their access means (CAP, MAP and E-CCW) and to integrate them in their internal applications. LCH.Clearnet CTH will provide technical support to members on Sunday from 09:00am. Members are recommended to check that their access means will be up and running during the week-end. Technical maintenance on the access means is strongly disadvised.
- 09:00am to 06:00pm CET: LCH.Clearnet will provide functional support to members.
LCH.Clearnet requests that all members report their status around 12:00pm and before 4:00pm CET by e-mail to the following address: lchclearnet_info@lchclearnet.com.
Around 06:00pm CET, and after checking with members, LCH.Clearnet will send an Info Flash + SMS to inform members of the end of the Sunday process at the clearing level.
Monday 04 August: first day with ESES configuration:
- In the morning: The Product implementation team will contact Members to check their internal process validation.
- In the afternoon: an Info Flash + SMS will confirm the end of the launch rehearsal period.
Support during the launch period:
LCH.Clearnet Product Implementation Department for functional issues related to the launch process.
Telephone: +33 1 70 37 67 08 or + 33 1 70 37 65 85*
LCH.Clearnet Operations Department for all operational issues related to the launch process.
Telephone: +33 1 70 37 66 26 or +33 1 70 37 66 08 or +33 1 70 37 65 56
LCH.Clearnet CTH for all technical matters (connectivity, reception of files...).
Telephone: +33 1 70 37 66 00
Fax: +33 1 70 37 65 05
E-mail: lchclearnetsa_cth@lchclearnet.com
* Additional local support will be communicated few days before the launch rehearsal week-end.
For further information, please contact:
your LCH.Clearnet SA product implementation manager:
Christophe Robert: +33 1 70 37 67 08, christophe.robert@lchclearnet.com
or your local relationship manager.
Customer Relationship Management LCH.Clearnet SA