Thursday February 5 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: Finland
Link: https://www.euroclear.com/en/news-views/news/press-releases/2015/2015-MR-02.html
Euroclear Finland, the Finnish Central Securities Depository (CSD), is replacing its entire securities processing infrastructure progressively, in three releases. As of 2 February 2015, the first release of the new CSD system named ‘Infinity’ was successfully launched. Infinity brings Finnish market one step closer to TARGET2-Securities (T2S).
Infinity’s first release replaces the previous fixed income system, known as Ramses. The second release scheduled for May 2016 will replace the current equity transaction processing systems – HEXClear – as well as the Central register. The third release will connect the Finnish market to T2S in the scheduled migration of February 2017.
Click link above for further details.