15 December 2017
visit www.ebaday.com

Final migration wave of T2S successfully completed

19 September 2017  |  1788 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.ebaday.comvisit www.thomsonreuters.infovisit www.niceactimize.com

Top topics

Most viewed Most shared
satelliteRipple completes XRP Lockup
9960 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
9388 views comments | 17 tweets | 36 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7416 views 11 comments | 11 tweets | 15 linkedin
Banks and fintech startups join forces on blockchain-based supply chain pilotBanks and fintech startups join forces on...
6797 views comments | 19 tweets | 20 linkedin
hands typing furiouslyReshaping Customer Engagement & Da...
6231 views 0 | 4 tweets | 2 linkedin

Featured job

Competitive
London, UK (or flexible)

Find your next job