SIX Successfully Goes Live With Target2-Securities, The European Settlement Platform

Target2-Securities (T2S), the European settlement platform for securities transactions in central bank money, conceived to harmonize securities processing within the eurozone, was launched as planned on Monday 22 June 2015. SIX Securities Services is part of the first migration wave and now offers direct access to T2S.

SIX Securities Services is the first non-EU central securities depository to offer access to the European Central Bank's (ECB) T2S platform. This achievement is the result of years of concept design, planning and development work, followed by extensive testing in recent months. This achievement would not have been possible without the support of SIX Securities Services’ clients.

Thomas Zeeb, Division CEO SIX Securities Services, comments: "Throughout the project, SIX Securities Services has represented the interests of the Swiss financial center. Our clients have been involved in the change processes and implementation of T2S from day one. Being part of T2S is part of our continuing strategy to enhance the Swiss value chain."

All remaining European central securities depositories are due to migrate to T2S in three further waves by February 2017.