T2S settlement exceeded four billion EUR
On 12 September, VP SECURITIES and VP LUX launched TARGET2-Securities (T2S) in Denmark. In only six weeks the total value of the transactions reached EUR 4,5 billion.
“There is a relatively constant number of transactions. In this early stage of T2S settlement, it is great to see the systems perform without any difficulties,” says Thomas Bo Christensen, Head of T2S/Clearing & Settlement, VP SECURITIES.
VP SECURITIES and VP LUX joined T2S in the third wave together with CSDs from France, the Netherlands and Belgium. The forth wave in February 2017 will among others include Germany and it will be exciting to see how the market participants’ strategies will be executed when all major markets are connected to the pan-European settlement platform.