|
Eight months after having announced their plans to develop a new asset servicing model for TARGET2-Securities (T2S), Clearstream and BNP Paribas Securities Services have completed the functional analysis of their collaboration and signed a partnership agreement. Both companies are now well underway towards a timely T2S readiness and in a pioneer position when it comes to presenting a tangible asset servicing model for the market environment with T2S.
In this new model Clearstream will connect via its German central securities depository to the T2S platform, hence attracting settlement flows, while custodian bank partners will handle asset servicing at a domestic market level, bringing strong local market expertise to the model. BNP Paribas Securities Services will do...
|