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Clearstream, BNP Paribas Securities Services, Intesa Sanpaolo and BBVA are developing an asset servicing model for a market environment with TARGET2-Securities (T2S). In this model, Clearstream will connect via its central securities depository to the T2S platform, hence attracting settlement flows, while the custodian bank partners will handle asset servicing at a domestic market level, bringing their local market expertise to the model. Target markets via these partners are Belgium, France and the Netherlands (with BNP Paribas Securities Services), Italy (with Intesa Sanpaolo) and Spain (with BBVA). Development work is in progress with the aim for T2S readiness once Clearstream has joined T2S in September 2016.
T2S is the future pan-European settlement platform that...
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