LuxCSD is preparing customers for the benefits they can reap under its offering in the TARGET2-Securities (T2S) environment, following its successful migration to the new European Central Bank platform for centralised settlement in Europe, in February this year.
LuxCSD customers can leverage the benefits of direct access to T2S with opportunities for cash and securities pooling throughout Europe as well as harmonised collateral management services from a single platform. Supported by local partners, LuxCSD’s customers will also benefit from enhanced connectivity and asset servicing.
Starting in Q4 2017, LuxCSD will launch its single point of access offering – for central bank money – to all T2S markets with harmonisation of services and connectivity channels between the LuxCSD, Clearstream German central securities depository (CSD) and international CSD (ICSD) accounts. This new operating model (referred to as our Investor-CSD solution) will be rolled out on a market-by-market basis, starting with new direct access from LuxCSD to the German market from October 2017.
LuxCSD’s value proposition in the T2S environment is a result of our efforts, together with Clearstream, to harmonise connectivity channels, streamline our custody network and improve our asset servicing.
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