The first DKK settlement has taken place on T2S
Yesterday, Saturday, the first settlement in DKK took place on T2S. This not only marks a major milestone in the migration, but also proves that T2S is a true multi-currency system – since DKK is the first non-EUR currency to be settled on the platform.
In close dialogue with the market participants and ECB throughout the weekend, both Night-Time settlement and Real-Time settlement on the T2S-platform has now been completed. This was the first time that customers were able to submit instructions in ISO 20022, supporting customers’ demand for the latest communication format.
We look forward to continue the migration Monday with the Real-Time settlement on the T2S-platform as well as the usual VP batch-flow. During Monday, we will keep the close dialogue with the market participants to ensure finalization of the migration.
Kristoffer Kjelsø Sønderlev
Head of Custody & Settlement Products
With Euronext Securities on T2S you achieve a single point of access to Nordic and European distribution and settlement