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Progress is being made for the Pan-European settlement effort, but there are still bumps along the way.
In the largest migration to date, the Wave 4 group of the Target 2 Securities (T2S) effort saw six central securities depositories (CSD) going live, doubling the volumes on the pan-European securities settlement platform. This brings the total to 18 CSDs from 16 countries representing more than 80 percent of European securities. Five of the...
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