ECSDA (the European Central Securities Depositories Association) publishes new communication standards for Inter-CSD communication. The implementation of new guidelines should reduce the costs of building links not only for CSDs, but also for their customers through the enhancement of communication standards.
New standards mark a significant step towards the delivery of real interoperability between CSDs in Europe, in line with the aims of the Code of Conduct. The guidelines have been agreed by all ECSDA members who intend to use them when building new links to other ECSDA members or upgrading existing links.
“These guidelines have been delivered by ECSDA in close collaboration with SWIFT and are a major contribution to the delivery of low cost cross border settlement in Europe,” says Joel Merere, chairman, ECSDA.
L.D.