INTERBOLSA connects to T2S via SWIFT 29 May 2013Brussels Reporter: Jenna Jones
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INTERBOLSA has chosen SWIFT’s value added network solution and integrations tools to connect to the T2S platform.
INTERBOLSA manages the central securities depository, securities settlement systems and national numbering agency in Portugal.
The firm plans to go live on T2S via the SWIFT value added network in 2016.
The objective of T2S is to facilitate post-trading integration by offering core, neutral, harmonised and commoditised delivery-versus-payment settlement in central bank money in substantially all securities in Europe.
Rui de Matos, member of the INTERBOLSA managing board, said: “We are confident that SWIFT is the right T2S connectivity solution for INTERBOLSA, bringing unmatched benefits in terms of resilience and ease of infrastructure enhancement and we look forward to working with SWIFT to implement its integrated solution, which we are confident meets our specific needs.”
Alain Raes, chief executive for EMEA at SWIFT, said: “We are delighted that INTERBOLSA has decided to leverage SWIFT to connect to T2S, and to use our integration solution to ease the implementation of T2S in its operations.”
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