Clearstream and dwpbank sign T2S agreement
16 October 2017 Luxembourg
Image: Shutterstock
Clearstream has teamed up with Deutsche WertpapierService Bank AG (dwpbank) for a Target2-Securities (T2S) solution.
Though the length of contract has not been disclosed, the partnership will provide dwpbank with centralised access to the T2S market via a single platform.
Following the final T2S migration wave, Clearstream will gradually roll out its T2S solution for other customers, starting in March 2018, with dwpbank acting as one of the first providers to benefit from this agreement.
Philip Brown, co-CEO of Clearstream Banking, said: “We are developing innovative T2S-driven solutions in close cooperation with our clients.”
He added: “Our partnership with dwpbank shows that this strategy is paying off. Our post-T2S model allows dwpbank to fully profit from the advantages that T2S offers – from settlement and asset servicing to improved liquidity and collateral management.”
Markus Neukirch, COO of dwpbank, said: “It is of great importance to strengthen dwpbank’s network in order to further improve our service range to our customers. Reaching the next level in our long-lasting partnership with Clearstream supports our goal.”
Though the length of contract has not been disclosed, the partnership will provide dwpbank with centralised access to the T2S market via a single platform.
Following the final T2S migration wave, Clearstream will gradually roll out its T2S solution for other customers, starting in March 2018, with dwpbank acting as one of the first providers to benefit from this agreement.
Philip Brown, co-CEO of Clearstream Banking, said: “We are developing innovative T2S-driven solutions in close cooperation with our clients.”
He added: “Our partnership with dwpbank shows that this strategy is paying off. Our post-T2S model allows dwpbank to fully profit from the advantages that T2S offers – from settlement and asset servicing to improved liquidity and collateral management.”
Markus Neukirch, COO of dwpbank, said: “It is of great importance to strengthen dwpbank’s network in order to further improve our service range to our customers. Reaching the next level in our long-lasting partnership with Clearstream supports our goal.”
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