Euroclear Finland, the Central Securities Depository (CSD) for Finland, has today announced that it has successfully migrated to a new CSD platform, the Infinity 2. Infinity 2 replaces multiple legacy systems with one modern, standards-based settlement and safekeeping platform for all assets in the book-entry system of Euroclear Finland.

“When faced with new requirements, such as the new EU Central Securities Depository Regulation (CSDR) and European Central Bank’s TARGET2-Securities platform (T2S), we had the same challenge as other CSDs in Europe; whether to modernize our legacy systems to meet the new requirements or to replace the entire system. We opted for the latter, in order to leverage the full benefits of advanced IT architecture and to ensure that our investment was not only spent on meeting regulatory requirements, but also to build a future ready, scalable platform ready to support future business”, says Hanna Vainio, CEO, Euroclear Finland.

Infinity 2 streamlines and standardizes the settlement processes and interfaces between the CSD and the participants' systems. The renewed CSD is now amongst the most advanced in Europe, supporting both nominee and direct holding account structures, fully CSDR compliant, and will give Euroclear Finland a future-proof platform to further develop services for customers.

Clients now benefit from direct access to all asset classes held in Euroclear Finland through a single user interface and ISO 15022 and ISO 20022 standardized messaging. Training new employees will be simpler, because there is only one system to learn and the system is more intuitive to use. Standards-based interfaces between the CSD and the customers' IT systems bring benefits and savings through more simplified processes as customers upgraded their systems. In the long-term, interface standardization has significant benefits for the entire international market.

”We would like to express a big thank you to our clients for their continued support and dedication to the migration project. The task of integrating dozens of clients’ and in-house IT systems and data has been formidable. The CSD is the underlying infrastructure for safekeeping and settlement of financial assets, and therefore getting every detail meticulously and securely done is crucial. We have been operating on the new system for three weeks, and we are confident with the performance of Infinity 2”, Hanna Vainio continues.

The Infinity 2 went live on 7 May 2018, replacing the legacy CSD systems of HEXClear, Infinity 1 and Central Register. The new system is a major milestone in Euroclear Finland’s multi-year transformation process of preparing to join European Central Bank’s TARGET2-Securities settlement platform and to face the new competitive landscape brought by the CSDR and the Capital Markets Union.

About Euroclear Finland

Euroclear Finland (Suomen Arvopaperikeskus) is a national central securities depository with comprehensive issuance and post-trade services. In operation since 1992, Euroclear Finland has assets of over 375 billion euros in its custody in 1.4 million customer accounts.


About Euroclear

The Euroclear group is the financial industry’s trusted provider of post trade services. The group includes Euroclear Bank - which is rated AA+ by Fitch Ratings and AA by Standard & Poor’s - as well as Euroclear Belgium, Euroclear Finland, Euroclear France, Euroclear Nederland, Euroclear Sweden and Euroclear UK & Ireland.

The Euroclear group settled the equivalent of EUR 733 trillion in securities transactions in 2017, representing 215 million domestic and cross-border transactions and held EUR 28.6 trillion in assets for clients.

More press releases

Media contacts

Contact us for information on Euroclear, including recent corporate developments and new Euroclear products and services, or to arrange interviews with our experts.

Pekka Isosomppi
Head of Communications & Public Affairs
Euroclear Finland
Tel: +358 (40) 516 2399


Looking for expert views and opinions?