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T2S is a Pan-European platform and is being designed by the European Central Bank (ECB) to facilitate settlement of cross border investments for a single European capital market. One of the ECB assumption is that such a Pan European settlement platform could increase the European GDP by 0,2 to 0,6 percent.
It will also put the EU financial market in a better position to compete with other regional economic powerhouses such as the US and Asia. This complex cross-border project creates numerous challenges, such as a harmonization of EU settlement functionality and will not impact only custodians and CSDs, but also all financial institutions using post-trade services. But the most significant impact will that of a change to the existing business model. Transforming T2S...
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