The last version of the User Requirements Documentation has just been published on the ECB website, and in its last meeting the Advisory Group agreed that it should now be largely “frozen”. We are currently in the process of updating the final version of the General Functional Specification, the draft of which was already published earlier this year for discussion with the market.
And we are now working on the other technical documentation, in particular the User Detailed Functional Specification. Another important workstream is the preparation work for the formal contractual relations between the Eurosystem and the CSDs, which will continue with all those CSDs that signed today’s Memorandum of Understanding.