In ECC Clearing Circular 23/2018 (published on 11 June 2018), ECC informed about the planned changes of its foreign curreny settlement process.
Due to a major SWIFT release on 18 November 2018, ECC has decided to prepone the change of the foreign currency settlement process by one week to the 08 November 2018. The previously communicated deadlines for handing in the requested form CM08 are not affected.
The updated timeline as well as the preconditions for Clearing Members are listed below.
For further details, ECCs Clearing Circular 23/2018 can be found on ECCs website.