Central Depository (CSD) has provided technical specifications in regards to migration to the new platform
On 16. September.2020, the CSD sent market participants the migration procedure from the currently used platform, RoClear Connect, to the new platform called Arena Post Trading (Arena PT).
The migration process will start on Friday, 18. September.2020, after 18:30, local time. Starting on Monday, 21.September.2020, the new system, Arena PT will be accessible to the market participants for carrying out operations (i.e. settlements). UniCredit Romania already participated in the testing to prepare for the migration to the new platform.
The CSD migration to a new platform is required due to the implementation of new functionalities linked to CSDR project implementation - stage 2 - Improving technical processes.
The RoClear Connect system will remain available to participants only for the daily reconciliation of positions.
Impact on investors: No direct impacts on clients. Migration to the new platform ensures meeting the new CSDR requirements