Slovenian CSD Takes Swift for T2S

ecb-office-frankfurt
T2S is being built and operated by the European Central Bank.

KDD Central Securities Clearing Corporation will connect to the pan-European Target2-Securities (T2S) platform using Swift's value-added network (VAN), the provider has announced.

T2S is envisaged as a single, harmonized delivery-versus-payment settlement platform in central bank money across European securities. KDD, the Slovenian central securities depository (CSD), will connect through Swift's VAN in February 2017. The CSD will also be takng further T2S-related services from the messaging provider.

"We are confident that Swift is the right T2S connectivity solution for us, bringing unmatched benefits in terms of resilience, price, proven infrastructure and re-use of expertise, and we look forward to working closely with Swift to implement its solution to meet our specific needs," says Rok Šketa, EVP for systems and technology at KDD.

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