Iberclear, the CSD of Spain and a subsidiary of exchange operator Bolsas y Mercados Españoles, will use SWIFT’s Value Added Network (VAN) solution to connect to T2S in February 2017.
Iberclear’s move to use VAN for connectivity follows the announcements at Sibos 2013 of two other CSDs, Clearstream and SIX Securities Services, choosing SWIFT to connect to the harmonized settlement platform.
“We are focused on offering post-trade solutions that provide our community with the highest levels of security, stability and scalability. We are confident that SWIFT is the right T2S connectivity solution for us, bringing unmatched benefits in terms of resilience, price, proven infrastructure and re-use of expertise,” says Jesús Benito, CEO of Iberclear.
Iberclear Chooses SWIFT to Connect to T2S in 2017
Iberclear, the CSD of Spain and a subsidiary of exchange operator Bolsas y Mercados Españoles, will use SWIFT’s Value Added Network (VAN) solution to connect to T2S in February 2017.
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