To enhance collateral administration, Nasdaq Clearing continues its efforts to
consolidate functionalities of the Collateral Management Web (CMS Web)
application into the Q-Port clearing application. Following this integration,
all users of CMS Web will be required to migrate to Q-Port, and the CMS Web
application will be discontinued.
A phased transition period is scheduled from February 24th, 2025 to March 28th,
2025. During this timeframe, both Q-Port and CMS Web will be available, and
participants will have the flexibility to utilize both applications in parallel
and migrate at their convenience until the phase-out date of March 28th, 2025.
The migration to Q-Port will be mandatory for all CMS Web users.
Please refer to the following timeline for expected activities:
Activity Date
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Preparations for Member Readiness November 11th, 2024 - December 6th,
testing 2024
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User Training November 25th, 2024 - December 6th,
2024
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Member Readiness Testing December 9th, 2024 - February 21st,
2025
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CMS Web users onboarding to Q-port February 24th, 2024 - March 28th, 2025
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CMS web application decommission March 28th, 2025
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Please note that the dates provided are preliminary and subject to change.
Members will be informed of any modifications accordingly.
For further details, please refer to the attached documentation:
-- CMS Web consolidation to Q-Port Member Readiness and Migration Plan
-- Frequently Asked Questions (FAQ)
Documents can also be found in Member Portal (Nasdaq Resources -> Genium INET
-> Fixed Income, Commodities, Clearing -> CMS Web consolidation to Q-Port).
Members will be contacted via email to provide their designated key contact
person for this transition.
For any additional information or inquiries, please contact the Clearing &
Collateral Management team.
E-mail: clearing@nasdaq.com
Phone: +46 8 405 6880
Attachment:
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