The Future of Global Debt Issuance: 2025 Outlook
T2S offers a host of benefits to the issuing community and will alter the European issuance landscape. Coupled with the EU CSDR, which aims to bring central securities depositories onto a level playing field, issuance is set to become more cost-effective, efficient and standardised.
You can find the full report here.
Final wave successfully migrates to T2S
Over the weekend of 16-17 September 2017, the fifth and final wave of migrations to the T2S platform successfully took place, bringing to a culmination a project that has been a decade in the making. The final market to migrate, Finland, will do so at a later date.
Clearstream rolls out its OneClearstream service and Investor-CSD model in the T2S environment: Delivering more through integrated (I)CSD services.
ECB review and future steps
The European Central Bank (ECB) offers a review of T2S migration to date and the remaining migration waves. A look to the future is also considered, which includes mention of the Eurosystem investigating the possible consolidation of the two market infrastructures it owns and operates – TARGET2 and T2S.
Read more here.
Clearstream newsletters on T2S
This 10th edition of T2S bulletin is a very special one as after more than 10 years we have successfully migrated our two CSDs to T2S. The bulletin further gives some news and insights about Deutsche Bank’s perspective of T2S and an outlook to the OneClearstream offering.T2S Bulletin 10
Previous issues of our T2S bulletin can be found here.
Spotlights and brochures
Servicing the full lifecycle of German government debt
German federal debt, and especially Bunds, will account for a large percentage of government debt settled on T2S. It is therefore essential to choose the right CSD for handling this important asset class.
As the primary market infrastructure for all German securities, Clearstream’s issuer CSD in Germany is the closest link between T2S and German debt instruments. Both Clearstream’s ICSD and its CSD in Germany play a key role in facilitating Bund auctions as well as in income distribution and redemption proceeds. Clearstream is the biggest lender of Bunds in the world making it a major source of Bunds in the market.
Clearstream is the natural depository for this asset class in T2S: it is uniquely positioned to cover the entire lifecycle of German debt from issuance to asset servicing with unique local market knowledge, access to settlement in T2S and award-winning collateral management services.
You can find more information in Servicing the full lifecycle of German government debt .
Some videos that outline T2S major aspects and benefits are available below.
- Video on the benefits of T2S
- Video on how T2S will work in practice
- Video on T2S - a single gateway for your collateral management