Unsere Website verwendet Cookies. Durch die Nutzung der Website und durch Ihre Zustimmung zu den Nutzungsbedingungen stimmen Sie dem Gebrauch von Cookies zu Cookie-Bestimmungen.

News (59/69)
T2S migration a success
T2S migration a success

T2S migration a success


BNP Paribas Securities Services successfully migrated the Euroclear ESES markets in France, the Netherlands and Belgium to Target2-Securities (T2S), the pan-European settlement platform launched by the Eurosystem last year.

Balances and pending settlement instructions in these three segments migrated between 9 and 12 September.

This migration wave, known as Wave 3, was a key milestone and a major achievement in the roll-out of T2S, ESES central securities depositaries bringing 25% of the overall settlement volumes forecasted to take place on T2S once it is fully implemented.

As a directly connected participant to T2S and European leader in the securities industry, BNP Paribas Securities Services successfully migrated its positions to the newly-created platform.

Alain Pochet, Head of clearing, custody and corporate trust services at BNP Paribas Securities Services, said: "We now have 50% of targeted settlements taking place in T2S, facilitating exchange of securities and optimising treasury and liquidity needs. The smooth transition demonstrated a strong commitment to the industry while transforming our business to capture more opportunities".

A recent survey of 50 market participants, conducted by BNP Paribas Securities Services, showed that 88% of respondents expect T2S to “transform European post-trade” once the migration is completed in 2017.

Folgen Sie uns