Target2-Securities is a large infrastructure project undertaken by the Eurosystem since the launch of the Euro itself to improve Europe’s post-trading infrastructure.
The project is scheduled to go live on 22 September 2014.
Depozitarul Central is an important Eastern European securities infrastructure and is currently the only non-euro depository to be included in the first wave.
Depozitarul Central CEO Adriana Tanasoiu said this is great news for Depozitarul Central customers, giving them the possibility to efficiently settle all of their Euro-zone and other T2S securities in central bank money.
"Depozitarul Central continues to be a pioneer of securities services developments, by providing its customers with efficient and seamless access and solutions to regulatory and infrastructure developments, such as T2S," Tanasoiu said.
Jean-Michel Godeffroy, chairman of T2S Programme Board of the ECB, said Depozitarul Central is a very dynamic CSD which has realized at a very early stage how much T2S can help it to efficiently compete in the new European environment.
"I am happy that by joining the scheme it will extend the boundaries of T2S beyond those of the euro area from the very start," Godeffroy said.
