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Euroclear France launches investor CSD link with the German market

Euroclear France now offers investor CSD services for German securities, following the launch of Wave 4 Central Securities Depositories (CSDs) to the Target2-Securities (T2S) platform on 6 February.

As a result of the direct link we have established with Clearstream Banking Frankfurt (CBF), the German CSD, securities primarily issued by CBF are eligible for cross-CSD settlement on the ESES platform.

You can now start to benefit from:

  • Delivery-Versus-Payment (DVP) settlement with counterparties in CBF, or any CSD that is an investor CSD in CBF
  • safekeeping and corporate actions processing for German securities

Increasing efficiency in Europe

The European Central Bank’s T2S settlement platform plays an integral role in the ongoing effort to harmonise post-trade processes in Europe. We fully support this evolution and the opportunities it presents for the securities industry as a whole.

Our ESES CSDs joined the T2S platform in September last year as part of Wave 3 and launched investor CSD services for Belgian government bonds held in the National Bank of Belgium – Securities Settlement System. Thanks to our investor CSD link with the German market, you can now further increase efficiency by centralising your access to the T2S community – and beyond – via our Single CSD entry point. This provides you with improved access to liquidity, collateral management, asset servicing and safekeeping.

Over the coming months, we will continue to expand our investor CSD offer with direct links to other markets connected to T2S, starting with Italian bonds in March 2017.

BN0407-E-Towards-T2S

Find out more on MyEuroclear

Newsletter: Wave 4 migration - Euroclear France becoming an investor CSD in CBF

 

> Read the ESES T2S Newsletter (log on required)

 

Download our T2S brochure (pdf-927KB)

Find out how Euroclear can help you achieve your objectives in T2S and beyond in our brochure 'Entering the new European post-trade landscape'

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