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After the successful third migration wave, TARGET2-Securities (T2S) is now gaining momentum, and Europe is one step closer to harmonised settlement. With its own migration drawing near, Clearstream is making sure that it is in constant communication with its customers, and together with them is looking forward to its own smooth and successful migration in February 2017.
So far, Clearstream has organised three Migration Weekend Dress Rehearsals (MWDRs), together with SWIFT, the European Central Bank (ECB) and other wave 4 CSDs as well as National Central Banks. During these tests, all internal targets concerning performance, stability and data quality were fully achieved. The results of these tests therefore confirm Clearstream’s technical readiness for T2S.
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