SIX Selects SWIFT to Connect to T2S

SIX Securities Services, Switzerland’s CSD, will use SWIFT’s Value Added Network (VAN) solution to connect to T2S in 2015.

SWIFT’s VAN solution allows users to connect to the T2S platform, Europe’s harmonized settlement system, in the new ISO 20022 format, which allows for secure communication. SWIFT will also provide SIX with supplementary services around T2S in areas such as analysis and the implementation of connecting to the platform.

Thomas Zeeb, CEO of SIX, says: “As the only current provider of international CSD services joining in wave 1, we are demonstrating our commitment to offering our community the highest levels of service in the T2S environment. SWIFT’s connectivity solution for T2S is the right foundation for our offering, bringing the resilience, reliability and competitive pricing we need.”