European Central Bank Taps SIA-Colt for Target2-Securities Connection

ECB to utilize the SIA network infrastructure to connect to pan-European securities settlement platform.

ecb-newhq-march2015
The ECB has driven the Target2-Securities since its initial planning in 2006.

The ECB-pioneered project is aimed at creating a harmonized pan-European landscape for the settlement of domestic and cross-border securities transactions. The first migration wave to the new platform was in June 2015, with the second phase scheduled for March 2016.

Colt and SIA will provide the ECB with the networking infrastructure to connect to the platform, after receiving one of the two Value Added Network Service Provider licenses. The ECB is scheduled to join the infrastructure in June this year.

"After the success of the first T2S migration phase, with a large proportion of the data traffic being carried by SIA and Colt, we are very pleased to be working on this project with the European Central Bank," says John Loveland, VP of capital markets at Colt. "Colt and SIA will provide the ECB with a fully-managed, high-performance, highly-scalable T2S connectivity and messaging solution, with guaranteed service levels ─ enabling them to focus on their core business instead of the underlying infrastructure."

Colt and SIA have previously worked in partnership to faciliate T2S access for BNP Paribas Securities Services, Deutsche Bundesbank, and Hungarian central securities depository Keler.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Waters Wrap: The tough climb for startups

Anthony speaks with two seasoned technologists to better understand why startups have such a tough time getting banks and asset managers to sign on the dotted line.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here