Deutsche Bank ramps up with Swift to access Euroclear's Common Communications Interface
25 October 2010 | 1912 views | 0
One of the first highlights at the start of Sibos on Monday was Deutsche Bank's move to access Euroclear's new Common Communications Interface (CCI) using Swift.
Stephan Lomas, Global Head of Custody & Clearing, Direct Securities Services at Deutsche Bank commented : "We are committed to providing a first-rate service to our clients by closely working together with SWIFT and Euroclear in order to leverage more efficient connectivity developments."
Jo Van de Velde, Managing Director and head of Product Management at Euroclear, heartily welcomes Deutsche Bank's move to select its network provider now to access all Euroclear products and services. "The CCI is a secure communications channel, supporting ISO-compliant messages involving more than 300,000 securities from over 40 markets. We are delighted that clients such as Deutsche Bank see the CCI as an added-value initiative."
SWIFT's CEO for Europe, Middle East and Africa, Alain Raes welcomed SWIFT's role as a selected solution provider for two of its key clients, Deutsche Bank and Euroclear, helping them to work together more efficiently. "Providing harmonised market access using ISO standards to minimise communication costs and ease back-office system integration is a benefit we aim to deliver for all clients