T2S - first two weeks without surprises
VP SECURITIES settled 401 trades on the T2S platform in the first two weeks. More than every fifth settlement was a cross-border transaction. VP LUX settled 41 trades in the same period.
Monday 12 September VP started settling EUR transactions on the pan-European settlement platform TARGET2-Securities (T2S). The go-live was a giant milestone for VP. Hence, all attention has been on T2S settlement and system performance. The system has performed as expected and transactions has been settled.
Furthermore the interaction with the domestic settlement engine, VP system, have performed as planned, and VP can proudly announce, that T2S, VP and a combination of the systems are running smoothly.