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Clearstream, the post-trade services provider of Deutsche Börse Group, and Deutsche WertpapierService Bank AG (dwpbank), one of the largest securities services providers for Germany’s financial market, have entered into a strategic partnership regarding the settlement of securities in a post-TARGET2-Securities (T2S) world.
The goal of this long-term cooperation is to maximise the benefits from the ECB’s pan-European settlement platform T2S, which aims at harmonising and simplifying the settlement of securities across Europe. Following the final T2S migration wave, Clearstream will gradually roll out its T2S solution on a market-by-market basis, starting in March 2018. dwpbank will be among the first customers to benefit from this comprehensive offering.
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