CRAZY COLLATERAL CRUNCH: CMS WEB GOES DARK! ARE YOU READY?
Hold onto your hats, folks! The Collateral Management Web (CMS Web) is about to take its final bow, and if you’re still logging in, you’re in for a shock! That’s right—mark your calendars, because on March 28, 2025, CMS Web is getting the boot, and you’d better move your operations to Q-Port if you don’t want to be left in the dust!
TIME’S TICKING: TRANSITION OPPORTUNITY NEARS!
From February 24 to March 28, 2025, you’ll have a crucial transition window to say goodbye to CMS Web and hello to Q-Port. This is your chance to juggle both applications before CMS Web fades into oblivion. Use this time wisely, or face the consequences of being completely locked out!
Here’s the lowdown:
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GO MANUAL: CREATE YOUR OWN USERS!
Want to keep control? From February 24 to March 7, scramble to create new Q-Port users manually using the Q-Port User Creation Guide—just make sure you follow it closely or risk getting lost! - LET NASDAQ DO IT: AUTOMATIC MIGRATION MAYhem!
If you’re feeling lucky, let Nasdaq take the wheel! On March 10, they will automatically create Q-Port users for all remaining active CMS Web users. But beware, if you’ve got users you don’t want flown into Q-Port, you MUST inactivate them before the cut-off to avoid automatic migration madness.
WARNING: BUILDING FEES SKY HIGH!
Heads up—standard fees are still in play during this perilous transition, so keep an eye on your expenses. If you act fast and create corresponding Q-Port users between February 24 and March 28, you might just snag a refund on CMS Web fees—don’t let this opportunity slip through your fingers!
CRUCIAL DATES TO WATCH:
- Transition Period: February 24 – March 28, 2025
- Automatic User Creation: March 10, 2025
- CMS Web’s Dramatic Exit: March 28, 2025
Is your firm gearing up for this seismic shift? Key contacts will be poked and prodded for confirmation by March 21, 2025—no excuses!
For those brave souls seeking more juicy details, check out the FAQ in the Member Portal. And if you have burning questions that can’t wait, get in touch with the Clearing & Collateral Management team right away!
Contact:
- Email: [email protected]
- Phone: +46 8 405 6880
Don’t sit back and relax; buckle up and make the switch—your operational future depends on it!
