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The International Central Securities Depository Clearstream is well on track for its connection to the pan-European platform for securities settlement, TARGET2-Securities (T2S). Following the postponement of the T2S migration plan, Chairman Jeffrey Tessler calls for certainty on the new schedule, which currently provides Clearstream to be connected on 6 February 2017 – pending further approval by the European Central Bank (ECB). “The T2S project is back on track after a period of uncertainty that was costly for everyone”, Tessler said. “We are now waiting for the ECB Governing Council to confirm the new migration plan and hope that there will be no further delays so that we can migrate according to the new schedule.”
Clearstream already started testing and implementing...
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