The National Depository for Securities (NDS) in Poland will test its emergency procedures over the weekend of 9-10 October. The tests will be run in conjunction with the Warsaw Stock Exchange, MTS-CeTO, the National Bank of Poland and NDS participants.
“It is planned to simulate a crisis situation, after which NDS employees will be evacuated to their back-up location where they will operate using the back-up system,” explains a spokesman for Bank Austria Creditanstalt in Warsaw. “All telecommunication connections with their main location will be terminated. Transactions on both, spot and derivate market will be simulated. Moreover, transfers between NDS and OeKB and execution of warrants in an emergency situation will be tested.”