T2S Link Guide - Netherlands
Settlement free of payment
Settlement against payment
Eligible settlement currency: Euro (EUR).
Settlement penalty fees
Hold and release
Lending and borrowing
Sale and Purchase of rights
Type of link
CSD or settlement method
Euroclear Nederland NV (ENL) via T2S platform
CBF-eligible security types
Dutch securities (following the CSD of reference concept of ESES):
- Debt instruments;
- Money market instruments (including commercial papers, treasury notes and treasury bills);
- Equities and equity-linked securities.
PO Box 199163
Cash correspondent details
Euro (EUR) via TARGET2
RTGS account of a direct TARGET2 participant
Cash settlement in EUR will take place in T2S on DCAs which are maintained by Bundesbank or any other National Central Bank participating in T2S. Funding of these DCAs is done from the customers’ TARGET2 RTGS accounts. In T2S, a DCA must be linked to one RTGS account in TARGET2 to which the remaining cash balances on the DCA is swept out at the End of Day (EoD). DCAs must have a zero balance at EoD. The link is only necessary for this purpose and various DCAs can be linked to one RTGS account.