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T2S wave 4 made simple
T2S wave 4 made simple

T2S wave 4 made simple


Catch the next wave with the help of our interactive online tutorial now available for Germany and Austria

T2S Wave 4 - Germany and Austria - is scheduled to go live on 06 February 2017. Following the successful migration of Wave 3 with the Euroclear ESES on focus, Wave 4 is going to deliver the highest volume – but all market players need to get ready on time.

To support you during this preparation phase, BNP Paribas Securities Services has developed a 2-step T2S online tutorial programme:


  1. A T2S transversal module - Available today.
  2. Market specific modules -  the all-new Wave 4 modules for Germany and Austria were added to Wave 3 modules on France, Belgium and the Netherlands - All available today




Transversal module

After completion, you will be up to speed on:

  • Basic functionalities: Do you know what has changed with the new day schedule, connectivity, account structure, standard settlement instructions, matching and settlement criteria? You will come away with a strong understanding of all the basics.
  • Enhanced settlement functionalities: Learn about partial settlement, linkage and pooling, prioritisation, and hold and release.

At the end of the module, an interactive quiz will help you self-assess your level of knowledge. Your score will tell you if you need to learn more about T2S settlement functionalities - or if you are now an expert!

Germany and Austria market modules

Next, zoom in on the Germany and Austria market module, covering:

  • Overview of the major changes
  • Features adapted within Wave 4
  • Unchanged features

This new module is available now! Click here to access our T2S online tutorial programme


This training will be regularly updated to provide up-to-date information. Other market modules will be developed according to wave 5.

Need more information on a particular topic?

For further information, contact your BNP Paribas Securities Services Relationship Manager or click here to find your contact.

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