ESES: Implementation of T+2 settlement cycle
Euroclear has announced their intention to adapt to a T+2 settlement cycle in the ESES markets (Belgium, France and The Netherlands) as from October 2014.
The current settlement cycle is T+3.
Euroclear states that this process would be compliant with the European settlement harmonisation and CSD regulation initiatives but would also meet TARGET2-Securities (T2S) requirements.
Further information related to this change will be communicated when it becomes available.
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