Euronext completes Interbolsa migration to T2S
European Central Bank, Frankfurt
Portugal’s central securities depository Interbolsa, a subsidiary of Euronext Lisbon, has completed its migration to Target2-Securities (T2S).
Although delayed, T2S is one of the largest infrastructure projects launched by the European Central Bank. T2S provides a centralised European platform for the settlement of domestic and cross-border securities transactions.
Through T2S, Interbolsa allows for core, neutral and borderless pan-European securities settlement.
Euronext says a single set of rules and standards apply to all transactions in Europe via T2S, and so “reducing the complexity” of the market structure.
Rui Matos, interim CEO of Interbolsa, says the migration to T2S will bring “unmatched benefits for all Interbolsa clients, in terms of harmonisation of processes and future solutions”.
