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News (6/27)
BNP Paribas Securities Services announces successful completion of T2S wave 4
BNP Paribas Securities Services announces successful completion of T2S wave 4
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BNP Paribas Securities Services announces successful completion of T2S wave 4

06/02/2017

80% of transition to T2S now complete

BNP Paribas Securities Services successfully completed wave 4 of the Target2-Securities (T2S) migration.

As part of this wave, BNP Paribas Securities Services migrated Austria and Germany to the T2S pan-European settlement platform between 3rd and 6th February.

This wave 4 migration is a key milestone for T2S, doubling the number of transactions settled daily on the platform since the last transition wave in September 2016.

Alain Pochet, Global head of clearing, custody and settlement at BNP Paribas Securities Services, said: “This is a major achievement in the roll-out of T2S, which is now 80% complete. T2S has been 10 years in the making and it is great to see this ambitious project coming to fruition.

“We are now working on Wave 5, which involves smaller volumes but presents different technical specificities.

“The journey to a more safe, efficient and competitive European post-trading landscape continues.”

 

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