Likely obsolete topics from the potential Change Requests for T2S Release 2 May ECB T2S Programme Office European Central Bank

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1 Requests for T2S Release 2 May 2015 ECB T2S Programme Office European Central Bank 1

2 Requests Background ECB has been keeping a log of changes that have been considered as potential candidates for a future release lease_of_t2s.pdf This presentation includes the list of changes that seem obsolete at the current juncture CRG members may add new topics or provide comments on the way forward for these topics 2

3 Requests Nbr Topic Description Remarks Reverse booking of failed liquidity transfer via GUI CSD participants to send settlement instructions to T2S even after the maturity date Securities Valuation entity might be linked to more than a party There should be a pre-filled GUI screen allowing triggering the unwinding of outbound liquidity transfers that have failed to settle in the RTGS system. To allow CSD participants to send instructions to T2S even after the maturity date of a security till another specified date (long-term solution raised by the CASG in the context of CR 471): The preferred (long-term) solution of the CASG is to adhere to the standards and allow CSD participants to send instructions to T2S even after the maturity date of a security till another date (as of today 20 business days after the maturity date of a security but should be a parameter that can be configured). UR T2S predicates that each occurrence of the Securities Valuation entity is linked to one and only one party. This is not the case for Eurosystem collateral where many central banks have the same collateral prices for a given financial instrument This topic is likely covered via the change request CR-0516-SYS (Internal liquidity transfers between RTGS Dedicated Transit Account and DCA in T2S). The approved CR516 allows internal liquidity transfer from a dedicated transit account to the DCA of a participant. This topic is already converted in to a change request CR-0515-SYS (Allow instructions from CSD participants for n days after maturity date of security) which is currently under discussion in the CRG T2S provides the flexibility to provide separate securities valuations for each CB. Additionally the submission of securities valuation file can be centralised at a single CB. 3

4 Requests Nbr Topic Description Remarks 4 T2S should inform about ineligible securities for autocollateralisation when uploading prices The response message to the securities valuation file should include information about whether a Security for which a security valuation is provided, was not eligible for auto-collateralisation This is duplicate entry of other topic covering same requirement: Inform missing collateral eligibility in the file response to securities valuation 5 Update of Security & Cash Restrictions screens To add a column for the Restriction Type (e.g. BLO1, RES1, etc.) in the Security & Cash Restrictions screens in T2S GUI There is already restriction type in search and list screen of cash and securities restriction. Therefore this topic could be removed 6 7 Settlement unit multiple should be date dependent Currency should be a search criteria in the standing and predefined liquidity transfer query in the T2S GUI The attribute settlement unit multiple of the Securities entity should be date dependent. Add the currency as a search criteria in the standing and pre-defined liquidity transfer query in the T2S GUI (see approved Change Request T2S-0416-BFD). Change request T2S-0435-SYS provided flexibility to cover business cases by providing Static Data Updates of securities eligible for auto-collateralisation during EOD processing. Since the business cases are covered by CR435, this topic may not be relevant any more T2S-0416-BFD removed the currency field from GUI and the CRG also decided to log a potential CR for a next release of T2S with the aim of aligning the A2A and U2A queries. As explained by CR 416, the currency field is implicit in the T2S DCA and therefore it does not need to be an input criterion. 4

5 Thank you for your attention 5