Latvian CSD to Join T2S

The Latvian Central Depository (LCD) will sign the Target-2 Securities (T2S) framework agreement on Sept. 26, 2013.

The CSD will migrate to T2S in the 4th migration wave together with the Estonian Central Securities Depository and Central Securities Depository of Lithuania on the expected migration date of Feb. 6, 2017.

T2S seeks to harmonize the settlement infrastructure for securities in the Eurozone.

Latvian is working on boosting its capital markets through its recent accession to the OECD and by bringing its settlement infrastructure in line with international markets.