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1

DCP AUTHORIZATION TEST CASES

T2S PROJECT

Version 4.1 REVIEW dated 6

th July 2015

Contents

1 DOCUMENT MANAGEMENT 5

1.1 Document History 5 1.2 Acronyms and abbreviations 5 1.3 Reference documentation 7

2 PURPOSE OF THE DOCUMENT 8

3 Principles 8

4 Disclaimer 8

5 DCP Authorization Test list of test case titles 8

6 DCP Authorization Test - detailed test cases 11

Test ID AUTH_01-FI 11

Test ID AUTH_02-MU 12

Test ID AUTH_03-MD 13

Test ID AUTH_04-CS 14

Test ID AUTH_05-CU 15

Test ID AUTH_06-PT 16

Test ID AUTH_07-CAOS 17

Test ID AUTH_08-CAOS 19

Test ID AUTH_9-CAOS 21

Test ID AUTH_10-CAOS 24

Test ID AUTH_11-CAOS 25

Test ID AUTH_12-CAOF 28

Test ID AUTH_13-CAOF 29

Test ID AUTH_14-CAOF 30

Test ID AUTH_15-EXS 31

Test ID AUTH_16-EXS 32

Target2 Securities - DCP AUTHORIZATION TEST v. 4.1 Review [T2S 208]

Test ID AUTH_17-EXS 33

Test ID AUTH_18-EXS 35

Test ID AUTH_19-SH 36

Test ID AUTH_20-XR 37

Test ID AUTH_21-REPO 38

Test ID AUTH_22-PORT 39

Target2 Securities - DCP AUTHORIZATION TEST v. 4.1 REVIEW [T2S 208]

5

1 DOCUMENT MANAGEMENT

1.1 Document History

Date Version Details

01/09/2014 0.4.0 Internal MT

18/09/2014 0.5.1 Draft to Testing&Migration subgroup

14/10/2014 1.0 Draft to all the participants declaring to be DCP in T2S

18/11/2014 2.0 Changes from v. 1.0 to 2.0

All the test cases have been updated with reference to test evidences

required.

The messages SWIFT ISO20022 sent by T2S to DCPs have been introduced,

as required by some DCPs, in all the test cases.

According to the comments received by some DCPs, the test cases have

been amended or more detailed.

30/12/2014 3.0 Changes from v. 2.0 to 3.0

Change of description of test case AUTH_06-PT

30/06/2015 4.0 Changes from v.3.0 to 4.0

Auth_08 CAOS

Auth_09 CAOS

Auth_10 CAOS

Auth_11 CAOS

Auth_12 CAOF descoped

Auth_13 CAOF descoped

Auth_14 CAOF descoped

Auth_15 EXS

Auth_16 EXS descoped

Auth_18 EXS

Auth_20 XR descoped

1.2 Acronyms and abbreviations

Name Description

CA Corporate Actions

CB Correspondent Bank

COB Close of Business

CSD Central Securities Depository

DCA Dedicated Cash Account

DCP Direct Connected Participant

DV Value Date

DVP Delivery Versus Payment

ECB European Central Bank

EXD Ex-Date

FOP Free of Payment

ICP Indirect Connected Participant

ISD Intended Settlement Date

MT Monte Titoli

Target2 Securities - DCP AUTHORIZATION TEST v. 4.1 REVIEW [T2S 208]

6

NCB National Central Bank

OTC Over the Counter

PA Paying Agent

PB Payment Bank

PD Payment Date

RD Record date

RCC Client Fee Settlement

RTGS Real Time Gross Settlement

SAC Securities Account

SD Settlement Date

TD Trade Date

T2S Target 2 Securities

Target2 Securities - DCP AUTHORIZATION TEST v. 4.1 REVIEW [T2S 208]

7

1.3 Reference documentation

Document date Document name

17-04-2014

PR FT UR [T2S-54] - MT USER REQUIREMENTS v. 2.3

The latest available

T2S MESSAGE LAYOUT - SWIFT 15022 published on MyStandards

19-5-2015

STANDARD PER UTENTI

MT-RNI-CA001 Cash Distribution v 05 per T2S

MT-RNI-CA002 Reorganizations v 04 per T2S

MT-RNI-DS005 DDS Cash Distributions v02 per T2S

MT-RNI-EC001 Estratto Conto Titoli v06 per T2S

MT-RNI-CAMT v04 per T2S

MT-RNI-IC001 Informativa Contabile v 06 per T2S

MT-RNI-PM001 Position Management v 06 per T2S

MT-RNI-CS001 Coupon Stripping v 03 per T2S

MT-RNI-DS003 DDS Operazioni sul capitale v 1 6 per T2S

MT-RNI-IE001 Istruzioni da emittente v 05 per T2S

MT-RNI-MC001 7B2 Claim v 01 per T2S

MT-RNI-TR001 7B2 Transformation v 02 per T2S

19-5-2015

Standard per utente X-TRM modalit RNI ver 0.11 T2S

19-5-2015

Tracciati utente X-TRM modalit MT-A2A ver 0.8.0 T2S

2014/2015

MANUALE UTENTE MT-X:

Italian version:

Manuale_Ammissione.pdf v1.35 (Manuale Ammissione titoli e

comunicazioni)

Manuale_MTX_-_Servizi_FIS-CPA-SHID.pdf v 2.35 (Manuale Utente

MT-X Servizi FIS - CPA SHID)

Manuale_per_le_operazioni_di_reorganisation.pdf - v 1.4 (Manuale

Utente MT-X - Operazioni di reorganisation)

Manuale_utente_RCC.pdf v Ottobre 2014 (Manuale Utente RCC

Servizio Regolamento Corrispettivi Clienti)

English version: under preparation

710-2014

MANUALE UTENTE XTRM-On-Line T2S v. 8.0.2

User Guide X-TRM On-Line T2Sv. 8.0.2

Target2 Securities - DCP AUTHORIZATION TEST v. 4.1 REVIEW [T2S 208]

8

2 PURPOSE OF THE DOCUMENT

The scope of DCP Authorization test is to make sure that DCPs are compliant with CSDs market and legal specific requirements. Among these

Monte Titoli includes all those services which will not be available on the T2S platform and therefore will be offered through MTs existing

procedures.

3 Principles

This document contains the description of detailed test cases for the Authorization Test of the DCPs.

Depending on the role that the Directly Connected Participant will have in production (issuer, intermediary, paying agent, paying bank,

correspondent bank), execution of a concerned test will be deemed mandatory or optional.

Each test case reports the available communication standards to be used for execution of the concerned test; it is each participant responsibility to

adopt the necessary standard among these:

Communication standards; RNI, SWIFT, MT A2A, MTX, XTOL

The test cases describe the messages that the DCPs receive from MT and also those that the DCPs may receive from T2S platform, if subscribed

by the DCPs themselves.

4 Disclaimer

Please refer to the communication T2S Testing Activities DCP Authorization dated 14th October 2014 accompanying this document.

5 DCP Authorization Test list of test case titles

This paragraph reports high level description of the authorization test cases. Detailed test steps, expected results and evidences to be provided are

included in chapter 6.

DCP role acronym used in the table :

IS = Issuer

IN = Intermediary

PA = Issuers Paying Agent

PB = Paying Bank if different from IN

CB = Correspondent Bank (entity engaged by the Intermediary to perform, on the latters behalf, the accounting of funds between the Issuers Paying Agent and the Intermediary itself)

MT flagged as M those functionalities that must be tested by the DCP based on his role (IS, IN, PA, PB CB), provided that he makes use of the functionalities and with O those functionalities that the DCP may decide to test but which are not mandatorily required to be tested by MT for that specific role. However, in case the DCP will not use in production some of the functionalities which are marked as M according to his role, since they are not applicable to his type of business, he should inform MT returning us the Annex 1, duly filled in no later than 2

nd February 2015.

The DCP Authorization test cases can be executed till 31

st July 2015

Target2 Securities - DCP AUTHORIZATION TEST v. 4.1 REVIEW [T2S 208]

9

Test ID

Communication standards

Test case title DCP Role

IS IN PB PA CB

AUTH_01-FI

MTX / RNI / SWIFT

First Issuance of a Financial Instrument: M O O na na

AUTH_02-MU

MTX / RNI / SWIFT

Mark Up by a Issuer DCP: Issuance of new tranches of financial instruments already issued

M O na na na

AUTH_03-MD

MTX / RNI / SWIFT

Mark Down by a Issuer DCP on the securities account of any beneficiaries: Reduction of nominal value as a result of repurchase / redemption

M O na na na

AUTH_04-CS

MTX / RNI / SWIFT

Coupon Stripping on fixed-rate or index-linked

Government Bonds

Na M na na na

AUTH_05-CU

MTX / RNI / SWIFT

Coupon Unstripping on fixed-rate or index-linked

Government Bonds

Na M na na na

AUTH_06-PT

MTX Participant Positions partial transfer: DCP A sends a

request to MT for transferring a part of its securities

positions to another securities account owned by

Intermediary B

Na M na na na

AUTH_07-CAOS

MTX /

RNI / SWIFT

Cash Distribution: interest payment M M M M M

AUTH_08-CAOS

MTX / RNI / SWIFT

Cash Distribution: redemption M M M M M

AUTH_09-CAOS

MTX / RNI / SWIFT

Cash Distribution: dividends M M M M M

AUTH_10-CAOS

MTX / RNI / SWIFT

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