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In collaboration with UBS, Clearstream and Citi have designed an innovative market-side network model that enables banks and broker-dealers to optimise their operating models and reap the maximum benefit from TARGET2-Securities (T2S), the Pan-European settlement platform operated by the Eurosystem.
The new solution will provide market participants with a single point of access to T2S, along with a single integrated and optimised collateral pool and comprehensive post-trade services.
UBS will be the launch client for this solution service, starting in 2017. Citi will provide clearing, settlement, and asset servicing, while Clearstream, the Central Securities Depository, will provide safekeeping, lending, and securities financing solutions. UBS will...
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