Interbolsa, which manages Portugal’s CSD, securities settlements systems and National Numbering Agency, will use SWIFT’s Value Added Network (VAN) and integration tools to connect to T2S from 2016.
According to Interbolsa, reasons for choosing SWIFT include the smooth adaptation of its IT systems and operational procedures for settlement in the T2S platform while enhancing its portfolio of services in a timely manner.
The objective of T2S is to facilitate post-trading integration by offering core, neutral, harmonized and commoditized delivery-versus-payment settlement in central bank money in substantially all securities in Europe. SWIFT’s VAN solution will enable T2S participants to connect to the T2S platform for the secure exchange of business information in ISO 20022 format.
Interbolsa to Use SWIFT Network to Connect to T2S
Interbolsa, which manages Portugal’s CSD, securities settlements systems and National Numbering Agency, will use SWIFT’s Value Added Network (VAN) and integration tools to connect to T2S from 2016.