Clearstream: Statement On Agreement Reached On New T2S Migration Plan

This is the official statement of Clearstream on the agreement that has been reached on the new T2S migration plan.

"Clearstream has been fully committed to achieving a harmonised European settlement platform since the beginning. TARGET2-Securities is a revolutionary and challenging project, and while we have been well on track for our scheduled migration to the platform, we fully support the proposal of the CSG and T2S Board to amend the migration schedule. As announced today, Clearstream will join T2S in February 2017. As a result, Clearstream will adjust its operational and market readiness activities to adapt to the changes in the migration schedule and remains dedicated to fully leveraging the benefits of T2S to the advantage of our customers."