TARGET2-Securities
[box_initial wave]TARGET2-Securities (T2S) is certainly a game-changer for the entire European post-trade environment and it will have impact on almost all market participants. In order to ensure reliable and efficient services in the future European post-trade environment, Eurex Clearing is currently preparing for the implementation of T2S. The necessary adaptations at Eurex Clearing will also require amendments on our client’s side.
Eurex Clearing services affected by T2S
Eurex Clearing aims to minimize the overall introduction impact for clients. We are initially focussing on the migration of all current business activities, instruments processed and clients serviced. Thereby, we will consider highly prioritized client requirements resulting from the new T2S environment. The migration of the existing Eurex Clearing business towards T2S builds the basis for future extensions.
The following graph gives an overview on the impacted markets served by Eurex...
Liquidity Alliance will provide worldwide collateral access to T2S
When TARGET2-Securities goes live in waves from 2015 to 2017, the Liquidity Alliance members will benefit from access to the future pan-European liquidity pool T2S will create. Streamlined settlement will integrate respective assets for smooth collateral management activities.
Study: further savings from ECB initiative TARGET2-Securities
Banks need to act now to reap full benefits of the European Central Bank (ECB) initiative TARGET2-Securities (T2S). The initiative could allow market participants to save between EUR 30 to 70 million, according to an analysis conducted by O. Wyman and commissioned by Clearstream.
Eurex Clearing AG
T2S Project
