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- TARGET2-Securities requires best-in-class asset servicing
- Clearstream Chair Tessler: “T2S is a fundamental shift in European capital market structure”
The pan-European settlement platform TARGET2-Securities (T2S) is gaining momentum. The third migration wave will take place next month, and more and more market participants now focus on optimising their operating model in a T2S world.
“Although T2S unites settlement in Europe, the markets remain fragmented”, said Clearstream Chairman Jeffrey Tessler when presenting Clearstream’s monthly figures. This means that market participants need to find a service provider who can handle taxes, corporate actions and redemption payments in all T2S markets...
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