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Euroclear Bank, the Brussels-based international central securities depository (ICSD) signed today an agreement with the European Central Bank (ECB) and the central banks of the euro area to join ECB’s TARGET2-Securities (T2S) settlement system.
TARGET2-Securities offers centralized settlement in central bank money across European securities markets. By connecting to the T2S platform, Euroclear Bank clients will have the choice between Euro settlement in commercial bank money and/or Euro settlement in central bank money. This will allow them to further optimise the management of their liquidity and reduce their financing costs. By adding central bank money settlement in Euro to its service offering, Euroclear Bank will provide clients with access to one single pool of...
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