CSG announces revised T2S migration schedule


On 10 December 2015, the T2S CSD Steering Group (CSG) reached an agreement on a revised T2S migration plan, following the announcement in late October 2015 of a need for a later migration to T2S of the Euroclear ESES CSDs. The revised migration plan is scheduled for final endorsement by the ECB Governing Council in February 2016.

The new schedule foresees Clearstream Banking AG and LuxCSD migrating to T2S on 6 February 2017. Clearstream will therefore adjust the schedule of its operational and market readiness activities and will keep customers updated on further developments in a timely manner.

Independently of the T2S schedule, Clearstream will continue to roll out its harmonised services across all asset classes for its ICSD and the CSDs.