Cookie policy

By pursuing your navigation on our website, you allow us to place cookies on your device. These cookies are set in order to secure your browsing, improve your user experience and enable us to compile statistics. For further information, please report to our cookie policy.

News (98/143)
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.

Follow us