Docstoc
EXCLUSIVE OFFER FOR DOCSTOC USERS
Try the all-new QuickBooks Online for FREE.  No credit card required.

CY-CHG-1

Document Sample
CY-CHG-1 Powered By Docstoc
					TARGET2 Migration                                                                    CY-CHG-1                                                               Country test scenarios




       CY-CHG-1                                               SIMULATION OF THE CHANGE-OVER, DAY 1
         Friday followed by a Monday             Short TARGET/Interlinking operating day followed by the necessary work to be done according to the national
                with CY-CHG-2                                                 migration plan and start of the SSP for overnight processing.

          7:00 - 11:00 (T1)
         13:00 - 16:00 (T2)
               CBs of the same migration group will co-operate to ensure that each direct participant of their national user community has a counterparty in another country of

  &            the same migration group for the exchange of some TARGET1/Interlinking payments. Details are to be agreed directly between the participants in advance. End of
               day balances should simlate the situation of the live changeover and not arranged to be zero.

  &            No weekend availability of the SSP foreseen. All change-over activities should be performed during the normal operating hours of this day

               No free testing allowed in the T1 environment as well as in T2 environment
   
               Before or at the beginning of the business day in TARGET2 (nighttime settlement) CBs will ensure the transfer of the liquidity from the former T1 account to the
     €         T2 account. Whenever a further increase of test liquidity (or a decrease) is needed during country testing, the user has to request it from its CB sending a test
               support request via T2TRIS.

  .            No specific test report required for CY-CHG-1, only at the end of CY-CHG-2.



                                                                                Test steps
    ID         Start time End time Parties involved                                                               Step description
  IL500           7:00      9:00   TARGET 1 - Business day phase I
   IL510            07:00           09:00     CB, all users             Exchange of all types of payments in TARGET/Interlinking, both domestic and cross-border
                                                                        transfer. However, cross border activitiy should be limited to those countries belonging to the
                                                                        same migration group (see remark above ).
  IL600             9:00            9:30       TARGET I - Business day phase II
   IL610            09:00            ---      CB, all users             Cut-off time for customer payments
   IL620            09:00           09:30     CB, all users             Exchange of payments in TARGET Interlinking (except MT103/Mt103+)
  IL700             9:30           11:00       TARGET I - End of day processing
   IL710            09:30            ---      CB, all users             Cut-off time for interbank payments



Page 1 of 14                                                                      4/21/2010 8:24 PM                                           fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                          CY-CHG-1                                                       Country test scenarios


   IL720       09:30   10:00   CB               TARGET End-of-day procdures
   IL730       10:00   11:00   CB, all users    Domestic end-of-day procedures
    100        11:00   11:15   TARGET2 - Start of day (D + 1)
                               SSP, CB          Details depend on the detailed migration planning of the CBs (not finalised yet)
    200        11:15   16:00   TARGET2 - Night-time processing (D + 1)
    299        11:15   16:00   SSP, CB          Balance transfer from T1 to T2 account
                                                Details depend on the detailed migration planning of the CBs (not finalised yet)




Page 2 of 14                                             4/21/2010 8:24 PM                                  fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                                        CY-CHG-2                                                                    Country test scenarios




          CY-CHG-2                                                 SIMULATION OF THE CHANGE-OVER, DAY 2
                                                   This first country test day is used to exchange some payments of each type with the Interlinking test partner, with
           Monday following a Friday                the CBs and other banks belonging to the same migration group. No AS settlement is foreseen, but AS may test
                with CY-CHG-1                                                                           their interface with the CB.

                7:00 - 19:00

   &           CBs with a large national user community may wish to create groups of users between which messages should be exchanged and to inform its users accordingly.
               No free testing allowed between 7:00 and 11:00, only the repetition of the payments as preagreed between participants and mentioned before. As a result the
              difference of the starting balance and the end-of-day balance should be the same for Friday and Monday. If necessary, additional test liquidity may be requested from
               the CB via T2TRIS, but such injections should be taken into account when comparing the balances.
                From 11:00 till 14:00 free testing according to the rules as defined in the TARGET2 User Testing Guide for Migration and in line with the business day phases is
              allowed. Special care has to be taken not to impact tests scheduled for the settlement of ASs. In case of doubts please check with your CB in advance.

               In the mandatory test report via T2TRIS the test scenarios CY-CHG-1 and -2 should be assessed as either successful, partially sucessful or failed at the end of this
               testing day. If the judgement is partially successful or failed, additional information is required. This information should specify the area of concern (e.g. balance
  .            transfer, ICM access, FIN message processing, InterAct messaging, FileAct transfers) and its impact on the user (e.g. testing blocked, testing impacted, clarification
               needed). If an incident report was already sent, reference to this should be included in the test report. For issues under control of the user an indication should be
               given about the severity of the problem and the expected time needed to resolve it.


                                                                                    Test steps
    ID          Start time         End time Parties involved                                                             Step description
    400            7:00              7:15   Preparation of daylight operations
    410             07:00               ---        SSP                      if defined by the user : activation of reservations defined in static data for urgent and highly urgent
                                                                            payments
    500              7:15             14:00        Day trade phase I
    510             08:00              14:00       SSP, CB, all users       All users are requested to start by sending exactly the same type and number of payments initiated
                                                                            on previous Friday (CY-CHG-1) in T1/Interlinking mode again in T2 mode. Where necessary, CBs
                                                                            may be asked via a T2TRIS test support request to provide sufficient test liquidity. In addition, the
                                                                            day-light settlement of all ancillary systems will be simulated. See remarks above.




Page 3 of 14                                                                           4/21/2010 8:24 PM                                              fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                              CY-CHG-2                                                             Country test scenarios


    800        14:00   14:30   Day trade phase II
    810        14:00    ---    SSP, CB, all users   Cut-off time for customer payments
    820        14:00   14:30   SSP, CB, all users   Each user should sent one MT103 or MT103+ to another user in the same country, which will be
                                                    rejected by the SSP.
    900        14:30   15:15   End of day processing
    910        14:30    ---    SSP, CB, all users   Cut-off time for interbank payments
    920        14:30   15:10   SSP, all users       if defined by the user: automatic transfer of liquidity to HAM/PHA account
    930        14:30   15:10   SSP, all users       optional: marginal lending automatic, i.e.intraday credit [via overdraft] not reimbursed covered by
                                                    SF using connected payments
    940        14:45    ---    SSP, CB, all users   Cut-off time for access to Standing Facilities
    950        15:10    ---    SSP, CB              Cut-off time for settlement of Standing Facilities transactions
    960        15:10   15:15   SSP, CB, all users   if defined by the user: Receipt of MT940/MT950
    100        15:15   16:00   Start of day (D+1)
    110        15:30    ---    SSP, CB, all users   optional : Reimbursement and interest payment for Standing Facilities




Page 4 of 14                                                 4/21/2010 8:24 PM                                        fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                                       CY-NOR-X                                                                 Country test scenarios




       CY-NOR-X                                               STANDARD TEST DAY - NORMAL OPERATIONS
     No specific timing requirements or            Standard test day allowing for the exchange of payments, test of the domestic part of AS settlement procedures
     dependencies with other scenarios                 and, if applicable, the interface with the HAM/PHA. Standing facilities available and used. Optional elements
                                                                included: debiting/crediting of MR interest/penalties, billing, reduced test timing on Friday.
                7:00 - 19:00
               CBs should agree with their national user community in advance on which day and according to which timing the different AS systems will be testing their settlement
  &            processes and with which result (settlement successful, user does not accept the debiting, setttlement delayed, settlement completed using the guarantee account and
               settlement failed).

  $            It is the responsibility of the direct T2 participant co-managing one or several accounts in HAM/PHA to test the respective functionality for shifting liquidity between
               PM and HAM/PHA.
               Free testing according to the rules as defined in the TARGET2 User Testing Guide for Migration and in line with the business day phases is allowed during the whole
              day. Special care has to be taken not to impact tests scheduled for the settlement of ASs. In case of doubts please check with your CB in advance.
               In the mandatory test report via T2TRIS the test scenario should be assessed as either successful, partially sucessful or failed at the end of the testing period CY-
               NOR-X. If the judgement is partially successful or failed, additional information is required. This information should specify the area of concern (e.g. PM payment
  .            processing, AS settlement, HAM/PHA interface, usage of Standing Facilities, Minimum Reserve calculation) and its impact on the user (e.g. testing blocked, testing
               impacted, clarification needed). If an incident report was already sent, reference to this should be included in the test report. For issues under control of the user an
               indication should be given about the severity of the problem and the expected time needed to resolve it.
               The following NL-scenario's from the document 'Information about NL Tests, Country Tests and Business Day Tests in the Netherlands' will be executed (a
               participant does not have to participate in testing on every CY-NOR-X testdays and does not have to execute all NL-scenario's on the same day, but at the end of the
               CY-NOR-X testperiod all NL-scenario's (when applicable for the participant) must have been executed):
               1) PAY1, PAY2, PAY3 with several participants
NL             2) PAY4 (direct debit), if applicable
               3) NEG1 and NEG2
               4) TFT1, TFT2 and TFT3
               5) CHQ1
               6) TNS1, TNS2 and TNS3

                                                                                   Test steps
   400              7:00             7:15        Preparation of daylight operations
   410              07:00              ---       SSP                      if defined by the user : activation of reservations defined in static data for urgent and highly urgent
                                                                          payments



Page 5 of 14                                                                          4/21/2010 8:24 PM                                            fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                               CY-NOR-X                                                              Country test scenarios


   500         7:15    14:00   Day trade phase I
   510         07:15   14:00   SSP, CB, all users   Exchange of payments (all types), liqudity transfers, day-light settlement of AS (see remarks above)


   520         07:15    ---    SSP, CBs and all users On each second business day after the end of the MR period only: Crediting of interest
                               obliged to held      resp. debiting of penalties takes place.
                               minimum reserves


   530         07:15    ---    CB and all users     If last day of the month or last day of the year: debiting of fees
   780         07:15   14:45   SSP, CB, all users   At least on one of the CY-NOR-X testdays a particpant has to execute the following test: user deposits
                                                    collateral with the collateral manager who requests a marginal lending facility transfer (testscenario
                                                    MLR1 from the document 'Information about NL Tests, Country Tests and Business Day Tests in
                                                    the Netherlands')
   790         07:15   14:45   SSP, all users       At least on one of the CY-NOR-X testdays a particpant has to execute the following test: user moves
                                                    funds to the overnight deposit facility (or performs reverse transaction)

   800         14:00   14:30   Day trade phase II
   810         14:00    ---    SSP, CB, all users   Cut-off time for customer payments
   820         14:00   14:30   SSP, CB, all users   Exchange of payments (except MT103/MT103+)
   900         14:30   15:15   End of day processing
   910         14:30    ---    SSP, CB, all users   Cut-off time for interbank payments
   930         14:30   15:10   SSP, all users       At least on one of the CY-NOR-X testdays a particpant has to execute the following test: marginal lending
                                                    automatic, i.e.intraday credit [via overdraft] not reimbursed covered by SF using connected
                                                    payments
   940         14:45    ---    SSP, CB, all users   Cut-off time for access to Standing Facilities
   950         15:10    ---    SSP, CB              Cut-off time for settlement of Standing Facilities transactions
   960         15:10   15:15   SSP, CB, all users   if defined by the user: Receipt of MT940/MT950
   100         15:15   16:00   Start of day (D+1)
   110         15:30   16:00   SSP, CB, all users   optional : Reimbursement and interest payment for Standing Facilities




Page 6 of 14                                                  4/21/2010 8:24 PM                                         fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                                      CY-NOR-X (end of MR)                                                                  Country test scenarios




      CY-NOR-X                                                 STANDARD TEST DAY - NORMAL OPERATIONS
  Last day of the minimum reserve period               Standard test day allowing for the exchange of payments, test of the domestic part of AS settlement procedures
           should not be a Friday.                                and, if applicable, the interface with the HAM/PHA. Standing facilities available and used.

                7:00 - 19:00                                                   Special situation: last day of the minimum reserve period.

  &            CBs should agree with their national user community in advance on which day and according to which timing the different AS systems will be testing their settlement
               processes and with which result (settlement successful, user does not accept the debiting, setttlement delayed, settlement completed using the guarantee account and
               settlement failed).

  $            Users are requested to stop sending payments and liquidity transfers at 14:00 to allow CBs for the respective adaptation of the minimum reserve
               requirements for the test.


  $            It is the responsibility of the direct T2 participant co-managing one or several accounts in HAM/PHA to test the respective functionality for shifting liquidity between
               PM and HAM/PHA.

              Free testing according to the rules as defined in the TARGET2 User Testing Guide for Migration and in line with the business day phases is allowed during the whole
               day. Special care has to be taken not to impact tests scheduled for the settlement of ASs. In case of doubts please check with your CB in advance.
               In the mandatory test report via T2TRIS the test scenario should be assessed as either successful, partially successful or failed at the end of the testing period regarding
               CY-NOR-X (end of MR). If the judgement is partially successful or failed, additional information is required. This information should specify the area of concern (e.g.
  . PM payment processing, AS settlement,IfHAM/PHA interface,was alreadyStanding Facilities,toMinimum Reserve calculation) and itsreport. For the user (e.g. control blocked,
    testing impacted, clarification needed). an incident report
                                                                usage of
                                                                          sent, reference this should be included in the test
                                                                                                                                    impact on
                                                                                                                                              issues under
                                                                                                                                                             testing
                                                                                                                                                                     of the
               user an indication should be given about the severity of the problem and the expected time needed to resolve it.
               The following NL-scenario's from the document 'Information about NL Tests, Country Tests and Business Day Tests in the Netherlands' will be executed (a participant
               does not have to participate in testing on every CY-NOR-X (end of MR) testdays and does not have to execute all NL-scenario's on the same day, but at the end of the
               CY-NOR-X (end of MR) testperiod all NL-scenario's (when applicable for the participant) must have been executed):
               1) PAY1, PAY2, PAY3 with several participants

NL             2) PAY4 (direct debit), if applicable
               3) NEG1 and NEG2
               4) TFT1, TFT2 and TFT3
               5) CHQ1
               6) TNS1, TNS2 and TNS3
               On selected days Equens will participate (these days have to be agreed on). On these days the NL-scenarios KAV1, KAV2 and KAV3 will be tested.

                                                                                    Test steps
   ID           Start time         End time Parties involved                                                           Step description
   400             7:00              7:15   Preparation of daylight operations



Page 7 of 14                                                                                4/21/2010 8:24 PM                                                 fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                             CY-NOR-X (end of MR)                                                             Country test scenarios



   410         07:00    ---    SSP                  if defined by the user : activation of reservations defined in static data for urgent and highly urgent
                                                    payments
   500         7:15    14:00   Day trade phase I
   510         07:15   14:00   SSP, CB, all users   Exchange of payments (all types), liqudity transfers, day-light settlement of AS (see remarks
                                                    above)
   520         07:15    ---    SSP, CBs and all users On each second business day after the end of the MR period only: Crediting of interest
                               obliged to held        resp. debiting of penalties takes place.
                               minimum reserves


   530         07:15    ---    CB and all users     If last day of the month or last day of the year: debiting of fees
   780         07:15   15:00   SSP, CB, all users   At least on one of the CY-NOR-X (end of MR) testdays a particpant has to execute the following test:
                                                    user deposits collateral with the collateral manager who requests a marginal lending facility
                                                    transfer (testscenario MLR1 from the document 'Information about NL Tests, Country Tests and
                                                    Business Day Tests in the Netherlands')
   790         07:15   15:00   SSP, all users       At least on one of the CY-NOR-X (end of MR) testdays a particpant has to execute the following test:
                                                    user moves funds to the overnight deposit facility (or performs reverse transaction)

   800         14:00   14:30   Day trade phase II
   810         14:00    ---    SSP, CB, all users   Cut-off time for customer payments
   820         14:00   14:30   All users            Users are requested to stop sending payments and liquidity transfers at 14:00 to
                                                    allow CBs for the respective adaptation of the minimum reserve requirements for
                                                    the test.
   900         14:30   15:30   End of day processing
   910         14:30    ---    SSP, CB, all users   Cut-off time for interbank payments
   930         14:30   15:10   SSP, all users       At least on one of the CY-NOR-X (end of MR) testdays a particpant has to execute the following tes:
                                                    marginal lending automatic, i.e.intraday credit [via overdraft] not reimbursed covered by SF using
                                                    connected payments
   940         15:00    ---    SSP, CB, all users   Cut-off time for access to Standing Facilities
   950         15:25    ---    SSP, CB              Cut-off time for settlement of Standing Facilities transactions
   960         15:25   15:30   SSP, CB, all users   if defined by the user: Receipt of MT940/MT950
   100         15:30   16:15   Start of day (D+1)
   110         15:45   16:15   SSP, CB, all users   optional : Reimbursement and interest payment for Standing Facilities



Page 8 of 14                                                       4/21/2010 8:24 PM                                             fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                                           CY-UCO-X                                                                       Country test scenarios




      CY-UCO-X                                                 STANDARD TEST DAY - USER CONTINGENCY
  Due to the delivery of the original single       Standard test day allowing for the exchange of payments, test of the domestic part of AS settlement procedures
  payments and the return of the lunp-sum        and, if applicable, the interface with the HAM/PHA. Standing facilities available. In addition, according to pre-agreed
   payments testing should take place on                                   timing testing of user contingency measures applicable to AS and users.
          consecutive business days.

               7:00 - 19:00

  $            It is the responsibility of the direct T2 participant co-managing one or several accounts in HAM/PHA to test the respective functionality for shifting liquidity between
               PM and HAM/PHA in contingency mode.

              Free testing according to the rules as defined in the TARGET2 User Testing Guide for Migration and in line with the business day phases is allowed during the whole
               day. Special care has to be taken not to impact tests scheduled for the settlement of ASs. In case of doubts please check with your CB in advance.
               In the mandatory test report via T2TRIS the test scenario should be assessed as either successful, partially sucessful or failed at the end of the testing period
               regarding CY-UCO-X. If the judgement is partially successful or failed, additional information is required. This information should specify the area of concern (e.g.
  .            contingency processing, PM payment processing, AS settlement, HAM/PHA interface, usage of Standing Facilities, Minimum Reserve calculation) and its impact on the
               user (e.g. testing blocked, testing impacted, clarification needed). If an incident report was already sent, reference to this should be included in the test report. For
               issues under control of the user an indication should be given about the severity of the problem and the expected time needed to resolve it.
               During the testday DNB will contact participants who will be operating for several hours, including the end-of-day-process, in contingency mode, using the agreed
               contingency measures (entering payments by DNB via ICM on behalf of participant who first has to send a fax to DNB (testscenario CON1 from the the document
               'Information about NL Tests, Country Tests and Business Day Tests in the Netherlands') and backup lump-sum). The return of the back-up lump-sum payment and
               the delivery of the original single payments will be done on d+1. The other participants can perform the following NL-scenario's from the the document 'Information
               about NL Tests, Country Tests and Business Day Tests in the Netherlands (it is not madatory to participate on each CY-UCO-X testday in the tests below, but it is

NL
               expected that a participant has executed all the NL-scenarios below at least once during all CY-UCO-X testdays. However, DNB can request on every day during the
               CY-UCO-X testday to participate in contingency mode, and than participation is mandatory):
               1) PAY1, PAY2, PAY3 with several participants
               2) PAY4 (direct debit), if applicable
               3) TFT1, TFT2 and TFT3
               4) CHQ1
               5) TNS1, TNS2 and TNS3


                                                                                   Test steps
    ID         Start time End time Parties involved                                                                    Step description
    400           7:00      7:15   Preparation of daylight operations


Page 9 of 14                                                                              4/21/2010 8:24 PM                                                 fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                     CY-UCO-X                                                                  Country test scenarios



    410         07:00    ---    SSP                   if defined by the user : activation of reservations defined in static data for urgent and highly urgent
                                                      payments
    500         7:15    14:00   Day trade phase I
    510         07:15   09:00   SSP, CB, all users    Exchange of payments (all types), liqudity transfers, day-light settlement of AS (see remarks
                                                      above)
    520         07:15    ---    CB and all users      On the second business day after the end of the MR period: Crediting of interest resp. debiting of
                                obliged to held       penalties takes place.
                                minimum reserves
    530         09:00   14:00   Users scheduled for   Exchange of back-up and contingency payments (all relevant categories)
                                contingency
                                processing
    540         09:00   14:00   all users except those Exchange of payments (all types), for those having exchanged back-up lum-sum payments on the
                                metioned in 530        previous day, sending of the original payments and return of the lumpsum payment


    780         07:15   14:45   SSP, CB, all users    optional: user deposits collateral with the collateral manager who requests a marginal lending
                                                      facility transfer
    790         07:15   14:45   SSP, all users        optional: user moves funds to the overnight deposit facility (or performs reverse transaction)


    800         14:00   14:30   Day trade phase II
    810         14:00    ---    SSP, CB, all users    Cut-off time for customer payments
    820         14:00   14:30   SSP, CB, all users    Exchange of payments (except MT103/MT103+)
    900         14:30   15:15   End of day processing
    910         14:30    ---    SSP, CB, all users    Cut-off time for interbank payments
    930         14:30   15:10   SSP, all users        optional: marginal lending automatic, i.e.intraday credit [via overdraft] not reimbursed covered by
                                                      SF using connected payments
    940         14:45    ---    SSP, CB, all users    Cut-off time for access to Standing Facilities
    950         15:10    ---    SSP, CB               Cut-off time for settlement of Standing Facilities transactions
    960         15:10   15:15   SSP, CB, all users    if defined by the user: Receipt of MT940/MT950
    100         15:15   16:00   Start of day (D+1)
    110         15:30   16:00   SSP, CB, all users    optional : Reimbursement and interest payment for Standing Facilities



Page 10 of 14                                                       4/21/2010 8:24 PM                                             fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                                                   CY-UCO-X (end of MR)                                                                               Country test scenarios




      CY-UCO-X                                                  STANDARD TEST DAY - USER CONTINGENCY
  Due to the delivery of the original single        Standard test day allowing for the exchange of payments, test of the domestic part of AS settlement procedures
 payments and the return of the lunp-sum          and, if applicable, the interface with the HAM/PHA. Standing facilities available. In addition, according to pre-agreed
   payments testing should take place on            timing testing of user contingency measures applicable to AS and normal users. Standing facilities available and
 consecutive business days. This last day of        used.                                                                                   Special situation: last day of the
   the MR period should not be a Friday.
                                                                                                    minimum reserve period.

                7:00 - 19:00
                Users are requested to stop sending payments and liquidity transfers at 14:00 to allow CBs for the respective adaptation of the minimum reserve
  $             requirements for the test.
                It is the responsibility of the direct T2 participant co-managing one or several accounts in HAM/PHA to test the respective functionality for shifting liquidity between
  $             PM and HAM/PHA in contingency mode.
                Free testing according to the rules as defined in the TARGET2 User Testing Guide for Migration and in line with the business day phases is allowed during the whole
               day. Special care has to be taken not to impact tests scheduled for the settlement of ASs. In case of doubts please check with your CB in advance.
                In the mandatory test report via T2TRIS the test scenario should be assessed as either successful, partially sucessful or failed at the end of the testing period
                regarding CY-UCO-X (end of MR). If the judgement is partially successful or failed, additional information is required. This information should specify the area of
  .             concern (e.g. contingency processing, PM payment processing, AS settlement, HAM/PHA interface, usage of Standing Facilities, Minimum Reserve calculation) and its
                impact on the user (e.g. testing blocked, testing impacted, clarification needed). If an incident report was already sent, reference to this should be included in the test
                report. For issues under control of the user an indication should be given about the severity of the problem and the expected time needed to resolve it.
                During the testday DNB will contact participants who will be operating for several hours, including the end-of-day-process, in contingency mode, using the agreed
                contingency measures (entering payments by DNB via ICM on behalf of participant who first has to send a fax to DNB (testscenario CON1 from the the document
                'Information about NL Tests, Country Tests and Business Day Tests in the Netherlands') and backup lump-sum). The return of the back-up lump-sum payment and
                the delivery of the original single payments will be done on d+1. The other participants can perform the following NL-scenario's from the the document 'Information
                about NL Tests, Country Tests and Business Day Tests in the Netherlands (it is not madatory to participate on each CY-UCO-X (end of MR) testday in the tests
                below, but it is expected that a participant has executed all the NL-scenarios below at least once during all CY-UCO-X (end of MR) testdays. However, DNB can
NL              request on every day during the CY-UCO-X (end of MR) testday to participate in contingency mode, and than participation is mandatory):
                1) PAY1, PAY2, PAY3 with several participants
                2) PAY4 (direct debit), if applicable
                3) TFT1, TFT2 and TFT3
                4) CHQ1
                5) TNS1, TNS2 and TNS3
                On selected days Equens will participate (these days have to be agreed on). On these days the NL-scenarios KAV1, KAV2 and KAV3 will be tested.

                                                                                    Test steps
    ID          Start time End time Parties involved                                                                    Step description
    400            7:00      7:15   Preparation of daylight operations




Page 11 of 14                                                                                            4/21/2010 8:24 PM                                                               fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                           CY-UCO-X (end of MR)                                                                         Country test scenarios



    410         07:00    ---    SSP                   if defined by the user : activation of reservations defined in static data for urgent and highly urgent
                                                      payments
    500         7:15    14:00   Day trade phase I
    510         07:15   09:00   SSP, CB, all users    Exchange of payments (all types), liqudity transfers, day-light settlement of AS (see remarks
                                                      above)
    520         07:15    ---    CB and all users      On the second business day after the end of the MR period: Crediting of interest resp. debiting
                                obliged to held       of penalties takes place.
                                minimum reserves
    530         09:00   14:00   Users scheduled for   Exchange of back-up and contingency payments (all relevant categories)
                                contingency
    540         09:00   14:00   processing
                                all users except those Exchange of payments (all types), for those having exchanged back-up lum-sum payments on the
                                metioned in 530        previous day, sending of the original payments and return of the lumpsum payment


    780         07:15   15:00   SSP, CB, all users    optional: user deposits collateral with the collateral manager who requests a marginal lending
                                                      facility transfer
    790         07:15   15:00   SSP, all users        optional: user moves funds to the overnight deposit facility (or performs reverse transaction)


    800         14:00   14:30   Day trade phase II
    810         14:00    ---    SSP, CB, all users    Cut-off time for customer payments
    820         14:00   14:30   SSP, CB, all users    Exchange of payments (except MT103/MT103+)


    900         14:30   15:30   End of day processing
    910         14:30    ---    SSP, CB, all users    Cut-off time for interbank payments
    930         14:30   15:10   SSP, all users        optional: marginal lending automatic, i.e.intraday credit [via overdraft] not reimbursed covered by
                                                      SF using connected payments
    940         15:00    ---    SSP, CB, all users    Cut-off time for access to Standing Facilities
    950         15:25    ---    SSP, CB               Cut-off time for settlement of Standing Facilities transactions
    960         15:25   15:30   SSP, CB, all users    if defined by the user: Receipt of MT940/MT950
    100         15:30   16:15   Start of day (D+1)
    110         15:45   16:15   SSP, CB, all users    optional : Reimbursement and interest payment for Standing Facilities




Page 12 of 14                                                                    4/21/2010 8:24 PM                                                         fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                                        Free                                                                 Country test scenarios




                      ---                                           RESERVE DAY - USED FOR FREE TESTING
                                                 This day is reserved for the repetion of the normal or contingency scenarios. If not required for this purpose free
      No specific timing requirements
                                                        testing will be possible. Concrete test scenario to be run will be announced at least one week before.

                7:00 - 19:00
The following test scenario description describes a free testing day. If this test day is used to repeat an earlier test, this will have to be replaced by the
                                                            respective description from the test event to be repeated.

               Free testing according to the rules as defined in the TARGET2 User Testing Guide for Migration and in line with the business day phases is allowed during the whole
                day.

  .
                Free testing does not require the delivery of a test report at the end of the day. However, users are strongly invited to inform their CB via T2TRIS about any
                relevant observations made during free testing which might have an impact on test progress and live operations in the future.


                                                                                 Test steps
    ID          Start time End time Parties involved                                                                Step description
    400            7:00      7:15   Preparation of daylight operations
    410              07:00            ---       SSP                      Activation of reservations defined in static data for urgent and highly urgent payments (if defined
                                                                         by the user)
    500              7:15           14:00       Day trade phase I
    510              07:15           14:00      All users                Exchange of payments (all types)


    800             14:00           14:30       Day trade phase II
    810              14:00            ---       SSP                      Cut-off time for customer payments
    820              14:00           14:30      All users                Exchange of payments (except MT103/Mt103+)
    900             14:30           15:15       End of day processing
    910              14:30            ---       All users                Cut-off time for interbank payments
    920              14:45            ---       All users                Cut-off time for access to Standing Facilities
    930              15:10            ---       All users                Cut-off time for Standing Facilities settlement
    940           after 15:10         ---       All users                Receipt of MT940/MT950 (if chosen by the user)




Page 13 of 14                                                                       4/21/2010 8:24 PM                                           fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls
TARGET2 Migration                                                 Free                                                           Country test scenarios


    100         15:15   16:00   Start of day (D + 1)
    110         15:30    ---    SSP, CB           Reimbursement and interest payment for Standing Facilities (if applicable to the user)
    120         15:30    ---    SSP               Automatic execution of standing orders for night time settlement (if defined by the user)
  130CC         15:30    ---    CB                Update of credit lines (if applicable)
    200         16:00   19:00   Night-time processing (D + 1)
    210         16:00   19:00   AS, SB            Users (ASs, SBs) should inform the respective CB in advance, if they wish to test and therefore
                                                  may require support from the CB during this phase.




Page 14 of 14                                               4/21/2010 8:24 PM                                      fd55fb2a-5dcd-4251-845d-ae720f2236ed.xls

				
DOCUMENT INFO
Shared By:
Categories:
Stats:
views:3
posted:4/22/2010
language:English
pages:14