Tuesday February 7 2017

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General




During the weekend from 3-5 February 2017, Clearstream successfully migrated to the ECB’s TARGET2-Securities (T2S) platform. The first business day is already in process and running smoothly.

Following the migration, customers will be able to benefit from Clearstream`s T2S offering, which enables them to profit from unique economies of scale as well as improved liquidity and collateral management via the new platform. Clearstream`s holistic T2S offering includes integrated ICSD and CSD services at a competitive price.

These services include settlement in commercial and central bank money, harmonised connectivity through a single interface as well as the ability to pool liquidity to take full advantage of Clearstream’s collateral management capabilities. Moreover, will customers profit from a unique asset servicing proposition offered with local agent bank partners and easy access to Deutsche Börse services offered through Xetra and Eurex.

Along with Clearstream Banking Frankfurt and LuxCSD, the Central Securities Depositories (CSDs) of Hungary, Slovenia, Slovakia and Austria have also successfully migrated to the platform.

Click on the link above for further details.