05 September 2015

Romanian and Italian CSDs join first T2S migration wave

19 January 2011  |  4178 views  |  0 Source: European Central Bank

We are happy to announce that two further CSDs have committed to joining T2S in its first migration wave. Following the announcement made by BOGS, the CSD for Greek government securities, in May 2010, two other CSDs have announced that they also intend to join T2S in its first migration wave, namely Monte Titoli (Italy), part of the London Stock Exchange Group, and Depozitarul Central S.A. (Romania), part of the Bucharest Stock Exchange Group.

Jean-Michel Godeffroy, Chairman of the T2S Programme Board, says: "We are very pleased that Monte Titoli and Depozitarul Central S.A have now also committed to joining T2S in its first migration wave. Monte Titoli will bring to T2S a strong heritage of efficient and secure post-trade services, and the involvement of Depozitarul Central S.A. will extend the boundaries of T2S beyond those of the euro area from the very start".

Kevin Milne, Director of Post-Trade Services at the London Stock Exchange Group, and Adriana Tanasoiu, CEO of Depozitarul Central, were united in expressing their delight to have been selected to partner the ECB in this important development. Joining T2S would be, they both declared, "great news" for their respective customers, enabling them to settle all of their euro area and other T2S securities in central bank money.

The T2S migration phase will be composed of three migration waves and one contingency wave. The first migration wave is scheduled for September 2014.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)

Related company news

 

Who is commenting?

Finextra Member Commented on: HSBC to rebrand Britsh...
Finextra Member Commented on: Zapp to use behavioura...

Top topics

Most viewed Most shared
Third of Brits expect day-to-day mobile pa...
8579 views comments | 40 tweets | 15 linkedin
PayPal rolls out personalised URLs for P2P...
5883 views comments | 34 tweets | 19 linkedin
UK boosts contactless limit to £30
5879 views comments | 31 tweets | 20 linkedin
Behold the contactless jacket
5704 views comments | 23 tweets | 18 linkedin
MasterCard extends startup search globally
5441 views comments | 14 tweets | 5 linkedin

Featured job

to £90K base, double OTE, share options
London, UK

Find your next job