Slovenian CSD Chooses SWIFT For T2S Connectivity

The Slovenian CSD has confirmed it will connect to Target-2 Securities using SWIFT’s network service.

KDD Central Securities Corporation chose SWIFT’s Value Added Network service over an offering from SIA-Colt to connect to T2S.

KDD Central Securities Clearing Corporation intends to go live on T2S connecting via the SWIFT VAN in February 2017, during the fourth wave migration of CSDs.

Rok Šketa, executive vice president, Systems & Technology, KDD Central Securities Clearing Corporation, says: “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, and we look forward to working closely with SWIFT to implement its solution to meet our specific needs.”

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 will enable T2S participants to connect to the T2S platform for the secure exchange of business information, in ISO 20022 format.