No major flaws in the settlement routine

UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky
Tue, 31/12/2019

Successful contingency test at the Slovak Central Securities Depository           


The Central Securities Depository of the Slovak Republic (CDCP) tested failure of the operational system and failure of the participant in September. During the testing, which was also mandatory for participants, no major shortcomings were identified.

CDCP recommended that participants update their signatories lists of persons authorised to communicate with CDCP as some of them were outdated.

The test of failure of the participant included 9 participants. There were no defects identified in procedures covering failure of the participant. In general, the testing was evaluated as successful.

Mária Gelingerová, Relationship Manager, GSS Slovakia