The following processing rules apply:

• all communication with the (I)CSDs is via the IPA;
• all communication with the EPIM hub is on a one-to-one basis by each entity;
• messages are sent and received via standard protocol and record layouts through a central messaging hub located at DTCC;
• undeliverable messages are returned, provided you have set the ‘confirm on arrival' parameter;
• all messages will be recovered in the event of a system failure, provided you have chosen the ‘persistent' mode;
• the dealer and the IPA must obtain an EPIM sign-on ID;
• the password protocol must be set between the dealer and the IPA; and
• all errors will be transmitted to the other party using the specific error code fields in the reply records.

EPIM is open for processing from 21:00 (Central European Time) on Sunday until 21:00 (Central European Time) on Saturday. All messages sent during closing time are queued until the system reopens. The (I)CSDs are open for the processing of EPIM messages during normal European office hours.

Implementation

Dealers and IPAs who want to use EPIM must take the following steps:

• contact Clearstream Banking, Euroclear Bank or Euroclear France, depending on where you would like the securities to be eligible, to request a Getting Started pack containing the necessary information and documentation to use EPIM;
• complete the Clearstream Banking and Euroclear Bank EPIM Subscription Agreement forms;
• establish a line connection to the EPIM hub (TCP/IP), if you do not already have one, and
• complete the Connectivity form;
• install the MQSeries software and complete the MQSeries form to receive a test queue manager name; program the messages and data fields; and
• test the application.

Once the testing has been completed, you will be granted access to the production environment with a production queue manager name.

For More Information:

Please call Relationship Management at 1 888.382.2721.