Wednesday September 2 2015
News Source: Global Exchanges
Focus: Other
Type: General
Country: Italy
Link: http://www.lseg.com/resources/media-centre/press-releases/monte-titoli-completes-migration-t2s
London Stock Exchange Group (LSEG) has announced that Monte Titoli and its clients have successfully completed the migration to the European Central Bank’s Target2-Securities (T2S) platform.
T2S is the infrastructure project launched by the European Central Bank in 2008. Its aim is to create a single pan-European platform for securities settlement in central bank money, harmonising post trade procedures and improving efficiency in the European Capital Market.
Through T2S, Monte Titoli will offer its customers the opportunity to settle domestic and European securities into a single client’s central bank money cash account, creating an automatic pooling and netting effect that will reduce cost of funding and risks. Clients will benefit from reduced settlement fees and from the opportunity to optimise end of day and intra-day liquidity, capital requirements and credit lines consumption for settlement.
Click on the link above for further details.