Successful T2S testing at the CSD and UniCredit Bank Austria. By Tina Fischer, Senior Relationship Manager, GSS Austria
During the months of July and August CSD participants independently tested the settlement of OTC instructions. UniCredit Bank Austria successfully passed the official test cases for T2S and is now certified for participation. In addition, the tests with CCP.A for the versus payment model (using the central bank cash account) and for free of payment (using the OeKB CSD cash account as contingency setup) have also been concluded successfully.
As the next step, UniCredit Bank Austria now offers testing facilities for T2S to their clients until mid-December. Our relationship managers are coordinating all the necessary steps for our GSS clients.
Currently, OeKB CSD, the Austrian CSD, performs guided tests for corporate actions.
After the conclusion of the testing phase a migration dress rehearsal will take place at the CSD from 16 to 19 December which UniCredit Bank Austria will take part in. We will inform you of the results of this migration test in due course.
Tina Fischer
Senior Relationship Manager
GSS Austria