Settlements Enhancements System Live
The WEM Prudential and Settlement Service 1.7 (WEMS PaSS), WEMS 3.41 and RCM 1.21 was successfully deployed to the WEMS production environment on 29 July 2021. The new system replaces legacy settlement systems and will support future changes to settlement processes to be carried out as part of the WEM Reform Program. The System changed included in this release will be effective for all NSTEM and STEM Settlement Statements and Invoices issued on or after 1 August 2021. See specific dates in the below table. Please refer to the WEM PaSS 1.7, WEMS 3.41 and RCM 1.21 Release Notes for details of the new functionality.
Market |
Type |
Period |
Statement Date |
Invoice Date |
STEM |
|
TW 30/21 |
Friday 6 August |
|
NSTEM |
Initial |
Jun 2021 |
Monday 9 August |
|
NSTEM |
Adjustments |
August 2020 November 2020 February 2021 |
Monday 16 August |
Wednesday 18 August |