Friday August 19 2016
News Source: Global Exchanges
Focus: Other
Type: General
Country: Botswana
Link: https://www.vp.dk/en/News/News-and-press-release/19082016-ECB-declares-VP-as-T2S-ready
The Governing Council of the European Central Bank (ECB) has accepted the application of VP SECURITIES and VP LUX to access T2S services (TARGET2-Securities).
As part of the preparations for T2S, ECB’s Governing Council for the T2S project has formally approved VP. This is the final step to join T2S as planned 12 September.
The final assessment covered:
- 5 eligibility criteria for Central Securities Depositories to access TARGET2-Securities services
- 24 harmonisation initiatives to ensure the stability of the T2S environment and maximise its efficiency
- Thorough assessment of the IT systems and infrastructure
VP and its clients have successfully completed all required testing and ensured the alignment of processes.
Click on the link above for further details