| Market: | All |
| Products: | Cash |
| Date: | 09 October 2008 |
Single Order Book, ESES and LCH.Clearnet Flux Bourse
Update of the testing guide
The testing guide was updated mainly to take into account the small changes of the test scenario and the 2nd launch rehearsal timeframe. Please find the document (Testing guide ESES stream 3 V4) on our web site on the following address:
http://www.lchclearnet.com/projects/eses/attached_documents.asp
Contacts request for the 2nd launch rehearsal
Members are kindly requested to return their contact details in order to be easily reached during the testing periods and also during the launch rehearsal week-end (Friday until Sunday).
LCH.Clearnet will send info flashes and SMS messages to the designated contacts throughout the migration processes from the launch of the SOB until the end of the launch of ESES stream3.
Please fulfil and return the attached form (extracted from the detailed testing guide) in the best delays and beforeWednesday 15 October.
LCH Clearnet SA milestones detailed communication plan regarding ESES launch rehearsal 2
LCH Clearnet SA informs all members about its future communication milestones chronological plan in regard to ESES launch rehearsal.
The next steps are anticipated as follows:
Friday 10 October:
- 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 and Euroclear Belgium were the balances are not initialised to zero for the securities involved in the monitored and scripted tests.
Wednesday 15 October
- NYSE Euronext will confirm the green light for the launch of SOB.
- During the day: An Info Flash will confirm that the second trades have been injected by LCH.Clearnet for the monitored tests.
- First day where the PR3 file will report the new position accounts created (on Member’s request) for ESES Stream 3.
Friday 17 October
- In the morning: A test SMS will be sent to validate the communication system.
- Around 06:15pm CET: An Info Flash + SMS will be sent to confirm that the SIF file on the Portuguese and Luxemburg clearing segment has been sent (no impact).
- 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 18 October
- During the day:
- LCH.Clearnet will convert and transfer positions to the market of reference of Multi-listed 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 17 October available in the Span file (Records T: Currencies exchange rates).
- LCH.Clearnet will send all the positions to be settled in the full ESES stream 3 configurations to Euroclear.
- Expected around 11:00pm CET: After LCH.Clearnet’s internal check and Euroclear’s validation, LCH.Clearnet will disseminate the SIF/BIF files that will report the first positions for settlement in ESES stream 3. An Info Flash + SMS will be sent to confirm that the SIF/BIF files have been disseminated.
- Around Midnight CET: Depending on the SIF/BIF files dissemination time, a conference call is scheduled to get a first status report from pilot Members on the SIF/BIF file reception. An info flash + SMS will be sent to report this status to all Members.
Sunday 19 October
For Members who have not validated the integration of their SIF/BIF files into their internal applications on Saturday, LCH.Clearnet requests that these members report their status firstly around 09:00am and secondly before 11:00am CET by e-mail to the following address: lchclearnet_info@lchclearnet.com.
- 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 Midday CET: LCH.Clearnet will provide functional support to members.
- Around Midday CET: A conference call is scheduled to make a final status after the validation of the integration of their SIF/BIF.
- Around 02:00pm 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 20 October: first day with ESES configuration
- In the morning: The Product implementation team will contact Members to check their internal process validation.
- Around 08:00pm CET: an Info Flash + SMS will confirm the end of the first full ESES accounting day and the dissemination of the SIF and BIF files for all segments.
- 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.
Tuesday 21 October
- During the day: An Info Flash + SMS will confirm the end of the 2nd launch rehearsal period.
LCH Clearnet SA will send to all members an info flash as per the above mentioned dates, from 10 to 20 October recalling in details every item and action described in this anticipated communication plan.
For any questions you may have, please contact or address any correspondence to your LCH.Clearnet Product Implementation managers:
Tom Badman: +33 1 70 37 67 69, tom.badman@lchclearnet.com,
François Marton: +33 1 70 37 67 54, francois.marton@lchclearnet.com,
Christophe Robert: +33 1 70 37 67 08, christophe.robert@lchclearnet.com,
Or
Your local relationship manager.