As of October 9, 2009 NASDAQ OMX Nordic exchanges introduces full central counterparty (CCP) clearing. In order to prepare members for this change, mandatory End to End tests together with European Multilateral Clearing Facility N.V. (EMCF), the local CSDs and NASDAQ OMX Nordic will be held. Registration to the tests shall be sent to EMCF and NASDAQ OMX not later than June 1.

End to End tests

The purpose of the CCP End to End testing is to validate the full flow from order entry to CSD settlement with a controlled set of securities and test scenarios. This gives the members a possibility to test the full chain affecting all downstream and back-office systems under controlled conditions.

It is mandatory to participate at least one test session for all Direct Clearing Participants (DCP) and General Clearing Participants (GCP). It is also recommended that Non Clearing participants (NCP) participate in the tests, but under the governance of their GCP. 

The test plan and procedures for the End to End tests have been worked out together with market participants and CSDs during April and May 2009.

Please download the attached file for more information.