19 October 2017
Find out more

Final migration wave of T2S successfully completed

19 September 2017  |  1701 views  |  0 Source: European Central Bank

The single European securities settlement platform TARGET2-Securities (T2S) is now fully operational.

The final migration wave, with Iberclear from Spain and Nasdaq CSD from Estonia, Latvia and Lithuania, successfully implemented all migration-related tasks over the weekend of 15-17 September 2017. Having completed their first operational day on Monday, 18 September, the two central securities depositories (CSDs) can now settle all their securities transactions in euro via T2S.

Some 20 CSDs representing 20 European markets are now linked up to T2S and can benefit from its advanced functionalities. T2S currently processes securities transactions in euro only. However, it was designed to function as a multi-currency platform and by the end of 2018 settlement in Danish kroner will also be possible. Other interested CSDs and currencies are invited to join upon request.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.innotribe.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15503 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8696 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8314 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7768 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6955 views comments | 9 tweets | 17 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job