The European Central Bank (ECB) performs annual T2S Insolvency Tests in the T2S customer test environment with the participating CSDs and National Banks, in which the process of bankruptcy of T2S participants is tested.
CCP.A used this opportunity to test the entire insolvency process according to EMIR, involving the default of a Clearing Member and the communication procedures between Vienna Stock Exchange, OeKB CSD, its liquidity providers, regulatory authorities and the defaulting Clearing Member itself.
You can find the circular as usual on the homepage in the Closed Member Area.
