ECB welcomes ‘smooth’ T2S launch
First transactions settled in Europe-wide integrated platform
After seven years of work the first central securities depositories (CSDs) migrated to Europe's Target2 Securities (T2S) platform over the weekend and settled their first transactions.
In a statement, the European Central Bank said the first group migrated "smoothly" to T2S. The Bank of Greece securities settlement system, the depository of the Malta Stock Exchange, Romania's Depozitarul Central, and Switzerland's SIX-SIS all made the transition.
Italy's Monte Titoli had been due to migrate in
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