ESES: Update on T2S migration wave 2
Euroclear has informed the ECB, that the ESES CSDs will require more time to prepare for the migration to T2S in order to guarantee a stable and safe migration to the T2S platform. As a consequence, the ESES CSDs will not migrate to T2S in March 2016.
The T2S Governance bodies, together with Euroclear, will assess the impact on the T2S community to identify the best way forward for Euroclear's migration to T2S.
We continue to monitor the situation in the ESES markets and will provide further information as it becomes available.
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