The first DKK settlement has taken place on T2S / VP Securities
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The first DKK settlement has taken place on T2S

28.10.2018

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.

For more information:

Chief Commercial Officer Birger Schmidt
bs@vp.dk   
+45 4358 8940

Product Manager Kristoffer Kjelsø Sønderlev
kks@vp.dk  
+45 2279 3689

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