Nyse Euronext today announces that Interbolsa has signed the European Central Bank's (ECB) Target2Securities (T2S) Framework Agreement.
T2S was initiated in 2006 and has been implemented to integrate and bring further efficiencies to the European securities settlement infrastructure. It will be introduced from 2015.
Interbolsa, a subsidiary of NYSE Euronext and central securities depository for the Portuguese market, has been participating in the project from day one. Providing the Portuguese market with access to the T2S settlement platform, the venture will also offer enhanced settlement services to its current and future customers.
"By signing the T2S Framework Agreement, which we have supported since its inception, we will strengthen Interbolsa's position as a key participant within the Portuguese financial market," said Luís Laginha de Sousa, CEO of Interbolsa and CEO and Chairman of NYSE Euronext Lisbon., "We are delighted to be part of this instrumental development of the European securities settlement infrastructure and are confident that the agreement will enable Interbolsa to further its integration at a European and global level."