Technical Difficulties at CNB with Cash Clearing System Link – Connection Restored

UniCredit Bank Czech Republic and Slovakia,a.s.
Summary: 
The CNB experienced difficulties with the primary cash clearing link, however an alternative way of sending cash orders to the CNB Clearing System was immediately in place as a back-up solution.
Thu, 23/05/2013

The Czech National Bank was experiencing problems with the primary cash clearing connection. An alternative delivery method for payment orders to the CNB was used. The back-up solution did not have any impact on trade settlement. Payment orders were being delivered to the CNB via an alternative channel

The primary connection has since been restored, and the CNB will now make sure that the payment orders delivered via the back-up system are not crossed with those fed through the primary connection which were  queuing in the system.

Impact on investors: No impact on trade settlement. The only impact would be the possibility of delayed clean cash payments and cash statement distribution.