T2S, Clearstream and Citi are using the collaborative standards management platform MyStandards to share standards specifications in what Swift calls a: “consistent and accessible way.”
MyStandards is supporting all three entities, and their customers, in implementing the changes required by securities market harmonisation projects such as T2S.
“The MyStandards platform enables T2S to share standards specifications with our user base in a consistent and user-friendly way, facilitating implementation and adoption,” said Siegfried Vonderau, head of division TARGET2 / TARGET2-Securities Services Management, Deutsche Bundesbank.
Brian Crabtree, director of Market practice, Standards and SWIFT, Citi, added that having the T2S specs on MyStandards will enable Citi to see what is required, and what isn’t, to be able to successfully process messages through T2S and back again.
Commenting on Clearstream’s adoption of MyStandards, Sébastien Grèverie, head of product management, said: “MyStandards speeds and eases the publication and maintenance of standards specifications, reducing cost and risk.
"Having access to a ‘golden source’ of standards specifications, and the ability not only to browse the information but download it in multiple formats, is highly valuable in supporting the implementation of the standardised messaging required to provide and access new services, for example in light of T2S.”
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