Belgium, France and the Netherlands: Changed implementation date
LuxCSD informs customers that Clearstream Banking1 has decided to move the release date for the roll out of the Investor-CSD link model to the ESES markets (Belgium, France, the Netherlands) from 26 February 2018 to
Monday, 9 April 2018
This decision was taken after extensive consultation with customers and Deutsche Börse Group entities involved, as well as continuous reviews of the readiness status of participants in the German market and in the above T2S-in markets. As LuxCSD has decided to use Clearstream Banking AG as a technical issuer CSD for T2S investor links, the LuxCSD implementation will be the same as the Clearstream Banking AG roll-out.
All publications will be updated over the following days to reflect this change in timeline.
LuxCSD remains fully committed to rolling out its Investor-CSD link model in order to provide customers with the best possible service level in a post-T2S world, with the following key market benefits:
- Luxembourg-based access to all T2S-eligible securities for all T2S markets, providing harmonised formatting of counterparty instructions.
- Enabling collateral management support of monetary policy operations.
The Investor CSD link model to Italy will be rolled out as planned on 26 March 2018.
Further information
For further information please contact Client Services or your Relationship Officer.
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1. Clearstream Banking refers to Clearstream Banking AG, registered office at 61, Mergenthalerallee, 65760 Eschborn, Germany and registered in Register B of the Amtsgericht Frankfurt am Main, Germany under number HRB 7500.