Finland: Euroclear Finland new system for bonds – launch date postponed further
Further to our announcement L14101 dated 29 September 2014, we hereby inform customers that the Finnish CSD, Euroclear Finland (EFI) has further postponed the launch date for the new platform Infinity to
2 February 2015
The decision was taken jointly with the Market Advisory Committee established by EFI for the Finnish market. According to EFI, the new timetable will ensure that EFI and its participants will have sufficient time to complete the work needed for a successful production launch taking into account the upcoming Christmas and New Year holiday season.
Impact on customers
Customers should note that the changes to the market practices for bonds currently held in the RM system (settlement system for debt instruments), as detailed in the announcement L14100 dated 11 September 2014, will be effective from 2 February 2015 only.
Further information
For further information, customers may contact Clearstream Banking Client Services or their Relationship Officer.