Eurex Clearing
On 22 June 2015, the first Central Securities Depositories (CSDs) will migrate their securities settlement business to TARGET2-Securities (T2S), the new European securities settlement system in central bank money. In the first step (Wave 1), the CSDs from Switzerland (SIX SIS), Romania (Depozitarul Central S.A.), Greece (Bank of Greece Securities Settlement System), Malta (Malta Stock Exchange) and Italy (Monte Titoli S.p.A.) will migrate to T2S.
With this circular Eurex Clearing provides its customers with an initial overview about the general migration approach and impact of T2S Wave 1.
Further details about specific CCP adjustments for T2S Wave 1 as well as the communication schedule will be published at the beginning of 2015.
