Dutch bulletin: T2S can only succeed if ‘many’ CSDs sign up
Initial migration to platform for securities settlement was completed in June
The Target2-Securities (T2S) platform can only succeed if "many" central securities depositories (CSDs) sign up, according to a bulletin published by The Netherlands Bank (DNB) on July 9.
The CSDs of four countries – Greece, Malta, Romania and Switzerland – migrated to T2S last month, ahead of the platform's launch on June 22, while Italy's CSD has delayed until August 31.
In total, 24 CSDs have indicated they will join T2S, the bulletin said, noting that a phased transition is necessary as it
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