Intesa Sanpaolo joins Euroclear’s single CSD platform
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Intesa Sanpaolo joins Euroclear’s single CSD platform 25 April 2019Brussels Reporter: Rebecca Delaney
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Intesa Sanpaolo has joined Euroclear’s single central securities depository (CSD) platform.
The platform offers access to the European Central Bank’s Target2Securities (T2S) system, which provides centralised settlement across European securities finance markets, in an effort to create a “single integrated settlement model” across the continent.
The single CSD platform will also allow Intesa Sanpaolo to access Euroclear Settlement of Euronext-zone Securities (ESES) markets through the T2S settlement, including Belgium, France and the Netherlands.
Commenting on the partnership, ESES’s CEO Brigitte Daurelle said: “We are extremely pleased to welcome Intesa Sanpaolo onto our single CSD platform, which will provide an efficient gateway to Eurozone liquidity for international investors.”
Intesa Sanpaolo’s head of global transaction banking, corporate and investment banking, Stefano Favale, added: “We are delighted to have reached, in close partnership with Euroclear, this important milestone as a result of our successful collaboration aimed at evolving and extending the services for our clients.”
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