Following the analysis of the readiness of CDAD members to switch to the CSD's new IT-system and in line with a decision of CDAD Board of Directors, CDAD has announced 29 February 2016 as the launch date for its new IT-system. For the successful transition between the systems the test schedule has been extended until 14 February 2016.
Additionally, CDAD has announced the timeframes for the corporate actions' testing as follows:
- Syntax testing: 14 March 2016 – 28 March 2016;
- Integration testing: 28 March 2016 – 8 April 2016.
Impact on investors: The transition to a new IT-system of CDAD which is expected to improve the post-trading infrastructure for the corporate securities in Bulgaria of has been rescheduled to 29 February 2016.
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