SWIFT supports successful T2S launch 24 June 2015Brussels Reporter: Becky Butcher
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SWIFT’s Value Added Network solution for Target2-Securities (T2S) went live as planned on 22 June, supporting the launch of the new pan-European securities settlement platform.
Central securities depositories (CSDs) Bank of Greece Securities Settlement System, Depozitarul Central, Malta Stock Exchange and SIX SIS went live on T2S, together with a number of central banks and directly connected participants (DCPs).
The migration was smooth, and the SWIFT value added network is now carrying live T2S traffic between the platform and a number of participants, including the four CSDs.
The Bank of Greece Securities Settlement System confirmed: “During the migration weekend all our activities were executed in accordance with the playbook and well ahead of the schedule.”
Silvia Buicanescu, CEO, Depozitarul Central, added: “All internal as well as bilateral and multilateral tests with T2S and the T2S community were successfully performed.”
SWIFT's Value Added Network solution is enabling T2S participants to connect to the platform for the secure exchange of business information, in the ISO 20022 format, with resilience, and with minimal risk and cost.
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