Oesterreichische Kontrollbank AG (OeKB) and Vermeg, the leading Software Provider for Financial Markets and Securities Services, are glad to announce that on 6th of February 2017, a major step has been done for the Austrian Securities Market, by connecting to Target 2 Securities (T2S).
OeKB, the Austrian Central Securities Depositary (CSD), is now live on T2S, using Megara Software for Corporate Actions.
Megara is a best-of-breed Software for Settlement and Corporate Actions Processing, using ISO 20022 and best practices from Corporate Actions Joint Working Group. Megara will also handle the initiation and the right execution of the claims and the transformations settled in T2S.
Vermeg is also very proud to have set up the foundations of a long-term and trustworthy partnership with OeKB, as a major Key player in Central Europe.