SIX Securities Services and Clearstream have already pledged to use the service when it goes live on T2S in 2015, ensuring what Swift claims will be the "secure exchange of business information, in ISO 20022 format, with the highest resilience, at the best price and with the least upfront cost".
SGSS will also be able to provide a customised offer incorporating local and global custody with direct access to T2S for settlement, in addition to added-value asset servicing expertise.
Alain Raes, chief executive, EMEA and Asia Pacific, SWIFT, comments: The confidence of such a major player in our T2S connectivity solution is a significant endorsement.”
Citigroup already connected.
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