Tasks related to the support of T2S auto-collateralisation procedure

Transcription

1 Tasks related to the support of T2S auto-collateralisation procedure Open tickets as of 22 nd May INC opened on 16 th March: Issue with the upload of valuation coefficients in T2S. The cutoff for delivering valuation coefficients in the test environment is 4:30 pm (7:00 pm in the production environment). The T2S actual cut-off time for the delivery of the price coefficients seems to be 3:00 pm instead of 4:30 pm. As a result, collateral is valued with not updated prices. BdI requested the T2S Operator to set the priority of such a defect as urgent (to be solved before the go-live date). It is being tracked with PBI155681, which should be solved with a release scheduled for 22 nd May. Retests will be performed on 25 th May. 2. INC opened on 24th March (tracked with PBI155459): T2S does not always trigger the forced reimbursement and, as a consequence, the relocation process does not take place and the RMIC event blocks the operating day. To permit the closure of the operating day the relocation settlement instructions are manually cancelled by the T2S operator. The resolution date was 15/5, the retest failed and at the moment there is no resolution date. 3. PBI opened on 15 th April: Issue with the Client-Central Bank Collateralization. The asset flagged for Client Collateralization is transferred directly to the Central Bank Receiving Account. BdI requested the T2S Operator to raise the priority to urgent (to be solved before the go-live date). The proposed resolution date is 8 th May. It was retested on 13 th May but the outcome was unsuccessful. After consulting the T2S Service Desk, static data were amended and it is currently being retested. 4. INC opened on 28 th April by banks: collateral substitution does not take place and the trade on an asset held in the Central Bank Receiving Account is denied. It is currently being retested, results are still under assessment. 1

2 Cash management (Bank of banks) Update on open tickets as of 4 th of May ) PBI151559: Query Outstanding Autocollateralisation limit not working properly (total limit and total outstanding limit not in line with effective use of collateral) Status: Fixed with RN V (MIG2: 24/4/2015), To be tested. Priority Medium. Retest failed. 2) INC >PBI155114: Query cash forecast not working. Priority: Medium. Status: Pending, Under Customer retest. 3) PBI154250: Access rights - granting privileges intra-system entity (from a Payment bank to another payment bank) not working (workaround available) Status: Fixed with RN V (MIG2: 8/5/2015), Retest failed. Status: Client Action Required. 4) PBI154574: Standing orders in T2S - Set up of outbound standing order liquidity transfer doesn t work via A2A (camt.024) (wrong management of Valid From field that has to be corrected). Priority Medium. Status: Assigned: The behaviour is correct. CRG requested non-editorial Change Request on behalf of market to have a contextually relevant wording to the rejection message through a new business rule. 5) INC «Outstanding autocollateralization» query reports also relocation operations. Status: Assigned, Priority Medium. (no changes) 2

3 Cash management (Bank of banks) Update on open tickets as of 4 th of May ) INC DCA balances not updated. Priority Low. Status: Pending, Client Action Required. Temporary problem due to internal component that has been forced down 2) INC (linked to PBI155179). Negative DCA balances reported in the GUI. Priority Urgent (to be solved before the go-live date). Status: Fixed with RN V ) INC Limit Utilisation List Screen does not report correctly the credit consumer. Priority: Medium. Status Assigned 4) PBI Liquidity Standing orders are settled also during the T2S closing days. Status: Pending, Client Action Required. Explanation: For the liquidity transfers this means that they will be executed each time when we reach the scheduled time in the business day. 5) INC It is not possible to modify a predefined standing order if already exists an expired instance. Priority: Low. Status: Assigned. (No changes) 6) INC The cash forecast query reports different values in U2A and A2A modes. Priority: Low. Status: Pending, Client Action Required 7) PBI155742: The cash forecast result in U2A reports wrong value. Priority: Medium. Status: Under Investigation. 8) PBI GetAccount (camt.003 ) with OVAL parameter does not receive any response after admi.007. Priority: Low. Status: Pending (Fixed with release 22/5) 3

4 Cash management (Bank of banks) New tickets as of 22th May ) PBI When trying to grant a object privilege (DDQ_CashForecastQuery) to system entity TRGTXE2SXXX.MOTIITMMXXX on several PB parties as secured objects, we get the following screen abend. Priority: Medium. Status: Pending (Fixed with release 22/5) 2) PBI Long Response Time for screen 'Intra-Balance Movement Details query. Priority: Medium. Status: Pending (Fixed with release 22/5) 3) INC Customer sent a camt.003 message requesting Oustanding AutoCollateralization Credit (codeword OACC) for the credit consumer but in the response they received the outstanding autocollateralization credit also for other parties included in the secondary CMB. Priority: Medium, Status: Assigned. 4) INC Camt.010 displaying negative amounts <Notes> : camt.010 messages received in response to query messages camt.009 "UTIL" (limit utilization) display negative amounts. Priority: Medium. Status: Assigned. 5) INC Autocol on Flow not triggered. Priority: Low. Status: Client Action Required. 6) PBI No privileges shown in Grant/Revoke Privileges Screen. Priority: Medium. Status: Closed. Solved with hotfix on 22/5. 7) INC ITCB reports they are unable to create new users, receiveing PLC0032 on BIC BITAITRRXXX. Priority: Urgent. Status: Pending, Client Action Required (not updated). 8) PBI the total collateral value reported in the screen total collateral value per DCA was not correct. Priority: Medium. Status: Assigned. 4

5 MWDR 16/17-5 Migrating CB ITCB G 'Migration of the positions of all Banca d'italia SACs was successful Settlement of LTs was successful Migrating CB ITCB A Missing sese.025 didn t allow directly connected DCA holders to reconcile their settlement instructions. Long response time with T2S GUI. INC Transactions discarded during MWDR: 3840 settlement transactions have been discarded during the MWDR with reason code CANS - SPRC001 - Settlement instruction is cancelled because the T2S Dedicated Cash account filled in is not valid or is unavailable for settlement. : Some transactions have been discarded since the limits of some PBs were not correctly settled T2S operator, MT and BdI are investigating to understand all the root causes of the cancellations to perform pre-migration activities in order to avoid during MWDR. 5

6 User Testing SubGroup Reports 15/4/2015 Status Update: We recommend to set the overall status for wave1 User Testing as red with a downward trend. 23/4/2015 UTSG Transition Report: Readiness to transition to the next testing stage. The UTSG recommendation to transition to business testing stage is no. The transition has been delayed by the PMG. 15/5/2015 Status Update (ongoing). BdI reported RED status for itself and its community: The Italian community reported that the status of their internal application test is red since the bugs of T2S prevented them to complete their planned activities. At the last Italian NUG meeting (5/5/2015) they stated that: The Italian banking community is deeply concerned about the readiness level of all relevant systems and is worried about possible systemic risks associated to the 22nd June golive in the absence of any substantial improvement in the defects resolution. 6