Brussels
30 October 2015
Reporter: Stephanie Palmer

Euroclear’s ESES CSDs delay T2S migration


Euroclear has delayed the T2S migration of its Euroclear Settlement of Euronext-zone Securities (ESES) central securities depositories for Belgium, France and the Netherlands.

The delay means that the French, Belgian and Dutch CSDs will not migrate to T2S with wave in March 2016, as planned.

Euroclear has put the delay down to early challenges in the process, which have now been resolved, but have set them behind in the migration schedule.

According to Euroclear, it is working with the European Central Bank and with its clients to explore alternative migration solutions, and to try and minimise the impact of the delay. A clearer migration schedule will be provided after this evaluation.

Community testing on the ESES platform remains available, and Euroclear has stressed its commitment to the safety, stability and resiliency of the T2S marketplace.

More news
The latest news from Asset Servicing Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Boeing and JCP name Northern Trust as global custodian
17 August 2017 | Chicago | Reporter: Jenna Lomax
The Boeing Company has mandated Northern Trust to act as global custodian for its €54 billion defined contribution retirement plan
Whitebox Advisors chooses Broadridge suite solution
17 August 2017 | New York | Reporter: Jenna Lomax
Whitebox Advisors has mandated Broadridge Financial Solutions to transform its technology platform into a fully integrated, hedge fund operation
Allfunds to open office in the Nordics
16 August 2017 | London | Reporter: Jenna Lomax
Fund distribution platform Allfunds plans to open a local office in the Nordic region as it pushes ahead with growth plans across Northern Europe
Brian Quintenz takes up role at CFTC
16 August 2017 | Washington DC | Reporter: Mark Dugdale
Brian Quintenz was sworn in as a commissioner of the US Commodity Futures Trading Commission yesterday
LCH launches new SwapClear client account
15 August 2017 | London | Reporter: Drew Nicol
Global clearinghouse LCH has introduced a new type of client account within its SwapClear service that allows buy-side clients to deliver collateral directly and retain beneficial title
SWIFT to provide gateway for US real-time payments
15 August 2017 | New York | Reporter: Jenna Lomax
US banks will have the opportunity to use a single platform, Alliance Messaging Hub (AMH), for making real-time payments through TCH
CFTC extends position limit relief to two years
14 August 2017 | Washington DC | Reporter: Mark Dugdale
The CFTC will not enforce certain position aggregation requirements until 12 August 2019
More news